3%

Question 1 of 30

1. All the following are major areas of study in economics except

SSSCE 1998

 

Question 1 of 30

Question 2 of 30

2. "I cannot go to the disco with you because I have an assignment", says Kwame to Kweku. Kwame's statement refers to the issue of

SSSCE 2002

 

Question 2 of 30

Question 3 of 30

3. A list of ends in preferential order is known as a

WASSCE 2009

Question 3 of 30

Question 4 of 30

4. Ghana generates most of her foreign exchange earnings from the

WASSCE 2006

 

Question 4 of 30

Question 5 of 30

5. In West Africa, the sector that provides the greatest amount of employment and foreign exchange is the

WASSCE 2006

 

Question 5 of 30

Question 6 of 30

6. The value which is given up when a resource is used in the best alternative way is

SSSCE 1995

 

Question 6 of 30

Question 7 of 30

7. Commodities command prices because they

SSSCE 2005

Question 7 of 30

Question 8 of 30

8. The problem of humanity has always been that its wants

WASSCE 2008

Question 8 of 30

Question 9 of 30

9. If human wants are unlimited, but resources to satisfy them are limited, people face the problem of

SSSCE 1999

 

 

Question 9 of 30

Question 10 of 30

10. Which of the following is a secondary economic activity?

SSSCE 2002

Question 10 of 30

Question 11 of 30

11. Economics is mainly concerned with

SSSCE 1995

Question 11 of 30

Question 12 of 30

12. Which of the following is NOT a macro economic goal?

SSSCE 2003

 

Question 12 of 30

Question 13 of 30

13. To consider Economics as a positive science implies that economic issues

SSSCE 2002

Question 13 of 30

Question 14 of 30

14. Societal wants are basically

WASSCE 2006

 

Question 14 of 30

Question 15 of 30

15. A curve which shows combination of commodities that can be produced with  available resources is

SSSCE 1997

Question 15 of 30

Question 16 of 30

16. The study of Economics as a subject is concerned mainly with

WASSCE 2006

Question 16 of 30

Question 17 of 30

17. The opportunity cost of specialized machinery which can be used in only one production process is

SSSCE 1993

Question 17 of 30

Question 18 of 30

18. Which of the following is classified under primary activity?

WASSCE 2008

Question 18 of 30

Question 19 of 30

19. The problem of scarcity and choice is resolved by

WASSCE 2006

 

Question 19 of 30

Question 20 of 30

20. A list of ends in preferential order is known as a

WASSCE 2009

Question 20 of 30

Question 21 of 30

21. A production possibility curve shows the

WASSCE 2008

Question 21 of 30

Question 22 of 30

22. Production possibility curve shows

SSSCE 1999

Question 22 of 30

Question 23 of 30

23. An example of primary economic activity is

WASSCE 2006

 

Question 23 of 30

Question 24 of 30

24. The table indicates that the country in question can produce

SSSCE 2002

Question 24 of 30

Question 25 of 30

25. Operating below a society's production possibility frontier is

SSSCE 2002

Question 25 of 30

Question 26 of 30

26. For efficient utilization of economic resources, one must avoid

SSSCE 2002

Question 26 of 30

Question 27 of 30

27. Production possibility frontier depends on the assumption that

SSSCE 2001

Question 27 of 30

Question 28 of 30

28. Operating inside a society's production possibility frontier is

SSSCE 2000

Question 28 of 30

Question 29 of 30

29. Production possibility curve shifts outward when the economy's

SSSCE 2001

Question 29 of 30

Question 30 of 30

30. A production possibility curve can be used to portray

SSSCE 2001

Question 30 of 30