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Economics Past Questions

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4576

40 men were employed in a farm, and they produced an average of 30 tonnes of cassava per person. Calculate the total product.

  • A. 1,300 tonnes
  • B. 1,100 tonnes
  • C. 1,200 tonnes
  • D. 1,400 tonnes
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4577

Economists refer to private goods as

  • A. rivalrous and non-excludable
  • B. rivalrous and excludable
  • C. non rival and non- excludable
  • D. non rival and excludable
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4578

The rate of output per worker (or group of workers) per unit time is called

  • A. labour productivity
  • B. total output
  • C. individual output
  • D. workdone
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4579

The quantity of commodity a consumer is willing and able to buy at a particular time is called

  • A. supply
  • B. wish
  • C. demand
  • D. desire
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4580

If the supply curve of labour market is given as S = 4L + 8. What is L when s = 20?

  • A. 2
  • B. 4
  • C. 5
  • D. 3
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