Economics as a whole is a social science subject concerned chiefly with description and analysis of the production and distribution of goods and services. This subject also deals with the studies of how individuals, governments and nations make decisions about how to allocate resources.
Economics paper 1 examination is always a problem for most students. The distinction between answers is so small, which then becomes a problem for most students. In Order to help out with this problem, a quiz of 20 questions has been set based on the CGCE A-level Economics syllabus. Some of these topics include “Economic growth, trade, unemployment”.
These questions are here to give you a guide. Practice how you can answer and reason out these questions. After this set of questions, you can then move on to the next set of questions. To gain more materials click on more
This Question is based on figure 4, showing the savings and investment situations in an economy.
The value of the multiplier is
The speculative demand for money is
Demand-pull inflation most likely
The question is mased on the table below, which shows a country’s consumption schedule
The savings function is represented by
If a bank receives a new demand deposit of 100,000 million FCFA and the liquidityratio of the bank is 20%, then the bank can lend out
If government spending exceeds tax collection
The part of the government debt which consists of treasure bills is often referred to as floating debt because
A country has a progressive income tax. The first 6,000FCFA earned in tax-free. Thereafter, the next 20000 FCFA of income earned is taxed at 25% and all taxable income above that is taxed 50%, if a person earns 50,000FCFA, how much tax will he pay?
The process by which a country attempts to reduce the purchase of foreign goods by encouraging local firms to produce those goods at home is known as
In which trade bloc do members states trade freely amongst themselves, but each member state has the latitude to impose individual tariff rates against non-members?
Under which of the following situations may a nation experience favourable terms of trade?
For which economic bloc does Cameroon belong?
Economic growth is depicted by
In a trade cycle, a downturn occurs when real Gross Domestic Production
The type of unemployment that cannot be avoided in an economy is known as
A situation when an unemployed person receiving social security benefits is not encourages to look for work is termed
The largest source of tax revenue to the government is:
An increase in the supply of money will cause interest rates to:
The law of demand states that:
Which of the document in the formation of a limited company listed below regulates the external affairs of the company?