Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. BUK
  4. /
  5. Economics
  6. /
  7. 2010/2011
  8. /
  9. Q67
Question 67

An economic good is described as a good which

  • A. yields utility and commands a price
  • B. is useful and occupies a space
  • C. is in high demand and transferable
  • D. has unlimited supply
Objective

Question details

Exam body
BUK
Subject
Economics
Year
2010/2011
Question no.
#67
Type
Objective
Previous · Q66Mixed economy refers to a system in which the means of production are controlled… Next · Q68 The concept of opportunity cost is important to the firm because it

More from this paper

  • Q63The three broad categories of production are
  • Q64A carpenter's consumer goods include; I. a kilogram of rice II. 3 pairs of shoes…
  • Q65In a capital system, the means of production are owned and controlled by
  • Q69As a firm expands, it enjoys some advantages called
  • Q70Division of labour is limited by
  • Q71An entrepreneur is likely to make more profits when
See all Economics 2010/2011 questions
Teacha

Africa's learning & exam readiness platform. Built for students, tutors, and schools.

Platform

  • Courses
  • Mock Exams
  • Past Questions

For You

  • I'm a Tutor
  • I'm a School
  • Pricing

© 2025 Teacha. Built for African learners, tutors, and schools. Teacha is not affiliated with WAEC, NECO, or JAMB. All past questions are sourced from publicly available materials.

Privacy PolicyTerms of UseCookie Policy