Economics Past Questions And Answers
141
The main characteristics of an ordinary shares are
- A. maximum risk, fixed dividends, voting rights
- B. minimum risks, fixed dividends, no voting rights
- C. maximum risks, variable dividends, voting rights
- D. minimum risks. fixed dividends, no voting rights
142
Calculate the equilibrium level of national income (Y) where Y = C + I + G; C = 100 + 0.75Y; I = 50; G = 200
- A. 2000
- B. 100
- C. 1500
- D. 1400
143
The OPEC marketing policy of fixing minimum price allows members to
- A. sell above minimum price
- B. sell below minimum price
- C. determine the price and quantity to sell
- D. negotiate price with customers
144
One of the features of a free market economy is that?
- A. resources are directed by the price mechanism
- B. workers do not earn equal wages
- C. the profit motive is serverly constrained
- D. descisions on the economy are taken by bureaucratic structures
145
A greater burden of tax on a product with high price elasticity of demand rests mainly on the
- A. producer
- B. teacher
- C. civil servant
- D. middlemen
146
Upstream oil activities involve the
- A. exploration of crude oil
- B. refining of crude oil
- C. marketing of finished products
- D. management of pollution
147
The national income is the
- A. Gross Domestic Product at market prices
- B. Gross National product at factor cost
- C. Net National Product at factor cost
- D. Net National Product at market prices
148
The most acceptable economic measure for trade protection is to?
- A. improve standards of living
- B. protect infant industries
- C. safegard strategic industries
- D. promote foreign trade
149
A market will be at equilibrium when
- A. demand and supply are equal
- B. demand is greater than supply
- C. price is higher
- D. supply is greater than demand
150
A well conducted census is important for?
- A. effective defence
- B. effective revenue generation
- C. good economic planning
- D. optimum population