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4806

Cost push inflation is caused by a

 

  • A. decrease in the cost of production
  • B. rise in demand for goods
  • C. decrease in the transportation cost
  • D. rise in the cost of production
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4807

Cheques are not money because?

 

  • A. Their use is confined to business hours
  • B. They are not generally acceptable as a medium of exchange
  • C. There are few banks in the rural areas
  • D. They are not issued by the government
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4808

The poorer the country, the larger the percentage of labour force engaged in

 

  • A. manufacturing
  • B. trading
  • C. agriculture
  • D. mining
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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4809

 

Which of the following will shift the demand curve for cocoa to the right?

 

 

  • A. An increase in consumers' income
  • B. A rise in the price of cocoa
  • C. A fall in the quantity demanded of cocoa
  • D. A tax on cocoa producers
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4810

An argument for the use of commercial policy rest on the need to

 

  • A. make imported goods affordable
  • B. encourage the importation of non-essential goods
  • C. make a country enjoy absolute advantage in production of all goods
  • D. reduce domestic unemployment
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