ECO292 Past Questions

ECO292

The Change in quantity demanded is also known as the movement along demand curve which is caused by change in the __ of the commodity.
Answer: price

There are ways in which biosphere bis blinked to other components
Answer: 2

The demand curve always slopes from upward left to downward right
Answer: false

The market where the buying and selling of basic resources, such as labour, capital and natural resources is done is referred to as ?
Answer: factor market

can be used as reliable indicators of both present and future resources scarcity
Answer: prices

one of the following environment was manmade
Answer: antrosphere

Land environment comprises of geoshere component such as ; , , and —
Answer: rock, mountain, soil

The amount of a commodity Producer wish to sell at each conceivable price is known as ?
Answer: quantity supply

The field of study that deals with forecasting weather and climate change is called ?
Answer: meterology

Biosphere depends on, and —
Answer: atmosphere, geosphere, hydrosphere

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