Economics, economics, economics
We must have read/heard so many definitions about the social science subject about economics. One of its definitions being “the science that deals with the production, distribution and consumption of wealth, and with the various related problems of labor, finance, taxation etc.
With its vast application in society, economics requires you to be fluent in both English and Math. And what better way to hone your knowledge than to attempt quizzes. Selectively chosen, this quiz comprises 20 questions only. Some of the topics you are going to face off are; employment, trade, employment, etcConsistency brings success. With this in mind, at the end of this session we have prepared other quizzes in economics and the other advanced level related subjects. Do well to play with the quizzes.
A firm uses 5 machines to produce 1,000 units of a good. If 1 machine must be replaced each year, what is the value of gross investment when demand increases to 1,200 units?
Question is based on Figure 4 showing the level of National Income in an economy.
To close the gap ab, the government increases her expenditure by 50M FCFA. The value of the multiplier in this economy is
In a three sector closed economy, the MPC=0.8. The value of the balanced budget
Which of the following will shift the investment demand curve to the right?
Which of the following factors influences the demand for idle balances in an economy?
Question is based on Table below relating to the balance sheet of an imaginary bank.
Determine the bank’s cash ratio
The instrument of monetary policy which involves the buying and selling of
government securities is called
When commercial banks are able to increase the supply of money above the base money they hold in the form of accounts or bank deposits, this is known as
When the government spent on the day to day running of the public service, this category of government spending is described as
Pay As You Earn (PAYE) is a method of income tax collection through which taxes are paid according to people’s
Cameroon’s national debt is the debt of the
The final resting place of the tax burden is termed the
An economy is said to be experiencing a trade gap when
Question is based on Table below showing the domestic opportunity cost ratios for 2 countries producing 3 goods with equal resources.
Which of the following is a mutually beneficial exchange rate for these countries?
The part of the Balance of Payments account which shows how the government covered its deficit or used its surplus is called
An overvalued currency is one with
A country discovers new resources which gives it the potential to produce more of capital and consumer goods. This explains
Which of the following would you consider as an undesirable development strategy to be used by developing countries?
The curve which shows the trade-off between inflation rate and unemployment rate is known as the
The type of unemployment resulting from immobility of labour is known as