Economics Past Questions

Malthus became famous through his theory which may be stated simply

A. the death rate may become so high that people may not be able to produce
B. population may outgrow the means of subsistence
C. people will eventually decide not to have children
D. migration of people from one place to another may leave some parts of the world barren
E. all of the above

A commercial bank is unique in that it is the only institution that

Which is an example of an invisible item in the trade Account of Ghana?

A. Export of Cocoa from Ghana
B. Import of oil from Nigeria
C. A gift of a Peugout 504 by a firm in Nigeria to a firm in Ghana
D. Payment for shipping and insurance by a Ghanaian company to companies outside Ghana
E. None of the above

Which is NOT a direct effort to increase Agricultural production in Nigeria?

If a company doubles all its inputs and discovers that its output is more than doubles, we can say that the company is experiencing