An English economist defined economics “as the science which studies human behavior as a relationship between (given) ends and scarce means which have alternative uses. “In other words, economics is the science of economizing.
Coming to its side of studies, economics can be characterized as one of the main great subjects that influences the economy of the world. After recognizing the challenges that come with the preparation of these subjects, we have decided to render students a challenge of solving quizzes that are exam oriented.
This particular quiz comprises questions of June 2018 A-level Economics. With these past questions students will have a familiarity of how questions are set during the CGCE/or any other examination. The questions cover a wide range of topics such as demand, market, consumption etc. After going through all the questions, we are confident that students are now going to have confidence when going in for the exam.
What will cause the demand for holiday accommodation to shift to the left?
Figure 5 represents the costs and revenue situations of a firm under imperfect
Which of the following is the break-even point?
In the monopoly market, the downward sloping demand curve implies that:
The mobile telephone market in Cameroon is dominated by four firms. This is an
The oligopolistic demand curve that is both elastic and inelastic to price rises
and price falls respectively is known as a:
Figure 6 shows the costs situation of a given firm.
What is the average variable cost of producing 8 kilograms?
An employee works a few hours of overtime, increasing his earnings after tax by
20,000 FCFA. This is an example of:
What is the yield on an undated 6% government bond with a nominal value of 800,000 FCFA and a current market value of 600,000 FCFA?
The following values are extracted from the national income account of a country.
GDP at market price = 318 million FCFA
GNP at factor cost = 322 million FCFA
Net property income from abroad = 6 million FCFA
Capital consumption = 50 million FCFA
What is the value of the net national product?
The following describe economic activities which are not officially registered in
government statistics EXCEPT:
__________is national income minus personal taxes plus transfer payments.
What does the slope of the consumption curve represent?
Which of the following is a condition for income to be in equilibrium in a closed and
Due to a change in the rate of spending, the following series of
cash flow is observed: 600 million + 480 million + 384
million + ... What is the value of the multiplier?
The principle which seeks to explain the relationship between increase in capital
investments the economy and change in total output is described as the: