National Exam of Higher National Diploma 2022 Economic Sciences
National Exam of Higher National Diploma 2022 Economic Sciences
National Exam of Higher National Diploma 2022 Session
Specialty/option: ASM, PMA, HUR, ACC, MTS, BFI, INS, LAS, NGO, QMA, LGA
Paper: Economic Sciences
Duration : 3 hours
Credit: 6
INSTRUCTION: Answer all questions in sections A and B
SECTION A: (MCQs)(20 Marks)
1) The most basic problem of economics is:
A) The problem of poverty
B) The control of goods and services produced
C) The reality of scarcity
D) The market structure of the economy
2) Positive economic theory deals with;
A) What is or how the economic problems facing the society are solved?
B) How the problem should be solved?
C) What should be produced?
D) How it should be produced?
3) Economic resources are:
A) Unlimited
B) Limited in supply and use
C) Limited in supply but has alternative uses
D) Unproductive
4) The production possibility curve is negative sloped due to
A) Scarcity of production resources
B) Unlimited wants
C) Improvement in technology
D) Increasing opportunity cost
