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Economics Past Questions

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4706

In the equation Q = a - bp + e; Q and P are ... Variables respectively.

  • A. independent and dependent
  • B. dependent and independent
  • C. independent and constant
  • D. error term and independent
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4707

Which of the following is NOT an objective of Economic planning?

  • A. Equitable allocation of resources
  • B. Widening the income gap
  • C. Achieving economic growth
  • D. Creating employment
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4708

The following determine the level of consumption EXCEPT

  • A. level of income
  • B. the rate of taxes paid
  • C. savings
  • D. the political climate
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4709

The following are problems of development planning in Nigeria EXCEPT
 

  • A. inadequate capital
  • B. under-population
  • C. inadequate statistical data
  • D. poor implementation of economic planning
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4710

The system of farming which involves the use of a large hectare of land planted with economic crops is known as

  • A. peasant farming
  • B. tree planting
  • C. plantation farming
  • D. mechanized farming
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