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Economics

Economics · Quick practice · answer shown after each question

Economics quick practice

Question 1 of 10

Question 1 of 10

A scale of preference is

Question 2 of 10

Question 2 of 10

Which factor would shift the demand curve for rice to the right?

Question 3 of 10

Question 3 of 10

The One District One Factory (1D1F) policy aims to

Question 4 of 10

Question 4 of 10

Goods that are free in supply and have no price, such as air, are

Question 5 of 10

Question 5 of 10

National income can be measured by the

Question 6 of 10

Question 6 of 10

The price of a good rises from GH¢10 to GH¢12 and quantity demanded falls from 100 to 80 units. The price elasticity of demand is

Question 7 of 10

Question 7 of 10

A firm is

Question 8 of 10

Question 8 of 10

Utility is the

Question 9 of 10

Question 9 of 10

Supply is perfectly inelastic when

Question 10 of 10

Question 10 of 10

The reward for land as a factor of production is

Questions written by OtisamLMS in the style of the WASSCE. They are not WAEC past questions.