NSSCAS Economics (8246) Practice Questions - Namibia Senior Secondary Certificate Advanced Subsidiary Level Economics (Syllabus 8246) Exam - NSSCAS Economics (8246) Practice Questions - Namibia Senior Secondary Certificate Advanced Subsidiary Level Economics (Syllabus 8246) Exam

Question 1

According to NSSCAS Economics, what is the fundamental economic problem?

Unlimited resources facing limited wants Scarce resources facing unlimited wants Equal distribution of income across households Government ownership of all capital goods

Correct Answer:

Scarce resources facing unlimited wants

Question 2

A Namibian farmer uses a hectare of land for maize instead of cattle grazing. What is the opportunity cost of growing maize?

The fertiliser bill paid for the maize crop The cattle production (or grazing income) forgone on that hectare The market price of the maize harvested The wages of farm workers hired for harvesting

Correct Answer:

The cattle production (or grazing income) forgone on that hectare

Question 3

On a production possibility frontier (PPF), a point inside the curve indicates that:

All resources are fully and efficiently employed The economy is producing more than its resource capacity allows Resources are unemployed or used inefficiently Opportunity cost is necessarily zero

Correct Answer:

Resources are unemployed or used inefficiently

Question 4

Why does a bowed-out (concave) PPF exhibit increasing opportunity cost?

Resources are equally productive in all uses Resources are not equally suited to producing both goods, so reallocation raises the sacrifice of the other good Technology improves only for one good Demand for both goods is perfectly inelastic

Correct Answer:

Resources are not equally suited to producing both goods, so reallocation raises the sacrifice of the other good

Question 5

Ceteris paribus means that when analysing the effect of one variable:

All other relevant factors are held constant All prices are assumed to rise together Government intervention is ruled out forever Only long-run equilibrium is considered

Correct Answer:

All other relevant factors are held constant

Question 1

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Prepare with the NSSCAS Economics (8246) Practice Questions - Namibia Senior Secondary Certificate Advanced Subsidiary Level Economics (Syllabus 8246) Exam practice quiz. This question bank includes 100 questions covering demand, price, cost, goods, and rises. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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NSSCAS Economics (8246) Practice Questions - Namibia Senior Secondary Certificate Advanced Subsidiary Level Economics (Syllabus 8246) Exam

This practice set contains 100 questions from the matching question bank and focuses on demand, price, cost, goods, and rises. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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NSSCAS Economics (8246) Practice Questions - Namibia Senior Secondary Certificate Advanced Subsidiary Level Economics (Syllabus 8246) Exam

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