There are so many definitions that are used to describe economics. We can define it as the study of the nature and causes of nations’ wealth or simply as the study of wealth.
Economics is often classified by students as one of the most difficult subjects at the advanced level. Due to its broad syllabus at the advanced level, students always feel bored when studying the subject, leading to no interest in the process and failing the A-level Economics exam.
When preparing for an exam, it is very imperative for you to answer past questions for that particular subject, test yourself frequently in order to grasp the concept very well. We have carefully devised a plan to help students prepare for the upcoming June session examinations. We have prepared a quiz of 15 questions. These questions are questions from the CGCE June session of 2017. These questions are based on the topics “Demand, Population, and economic growth”.
At the end of this set of questions, we have also prepared another set of questions which are also based on past CGCE past questions.
Economics is a science that studies
Country A with a set of resources can produce 20 units of good X and 5 unit of good Y. with the same set of resources, country B can produce 10 units of good X and 4 unit of good Y. what is the opportunity cost of production I units of goods Y in country A?
In general, the more money you have the more you can buy. This statement defines clearly the behaviour of consumers in a
Which one of the phrase or terms is not relevant in relation to a laissez-faire economic system?
which of the following will most likely rise productivity?
A joint stock company issue half its registered capital worth 100 million FCFA and only requires worth 75 million FCFA to be paid up. How much is the authorized capital of this company?
Small firms continue to exist because
Which of the following is NOT a characteristic of factor of production?
A study of the age distribution of a country’s population is of economic importance because
The concept of optimum population refers to the size of population that
This question is based on the figure below, showing the budget of two goods, X and Y
The shift of the budget line from A0B0 to A0B1 may be due to
If a price reduction for a commodity leads to a fall in total revenue from its sales, the demand for such good is said to be
which of the below is a normal good?
This question is based on figure2. D1 and S1 are the initial demand and supply curves respectively
If financial aid to producers increases with a rise in price of the complements the new price and quantity would be
A good of ostentation is one for which the quantity demanded increases as