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Economics Past Questions

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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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3266
Which of the following is a determinant of elasticity of supply?
  • A. Consumer’s income
  • B. Degree of necessities
  • C. Durability of the product
  • D. Number of uses of the commodity
  • E. Proportion of income spent on the product
View Answer & Discuss NECO 2009
3267
Entrepreneur is associated more with
  • A. capital management
  • B. production of beverage
  • C. profit making
  • D. profit sharing
  • E. risk bearing
View Answer & Discuss NECO 2009
3268
Inflation is a …………….
  • A. general increase in the price of a single product
  • B. period of economic recession
  • C. period of hunger
  • D. period of excessive money
  • E. persistent rise in the general price level
View Answer & Discuss NECO 2009
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
3269
If goods P and Q are purchased by a consumer, a fall in the price P with the price Q unchanged will cause the budget line to
  • A. shift parallel inwards
  • B. rotate outwards away from the origin
  • C. rotate inwards towards the origin.
  • D. shift parallel outwards
View Answer & Discuss (1) JAMB 2002
3270
The best method of production in an under populated country is
  • A. Labour-extensive
  • B. Land-intensive
  • C. Capital-intensive
  • D. Labour-intensive
View Answer & Discuss (4) JAMB 2003
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