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Economics Past Questions

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3546

Which of the following is an advantage of localization of industry?

  • A. Development of subsidiary firms
  • B. creation of parallel market
  • C. development of slums
  • D. attraction of foreign capital
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3547

In other to enhance the utility of a particular commodity, it was moved from a place where it has little utility to another area where its utility is higher. This form of utility is referred to as?

  • A. Marginal utility
  • B. Form utility
  • C. Place utility
  • D. Total utility
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3548
X 2 3 4 5
F 2 5 2 1

 

What is the median of the distribution?

 

  • A. 5
  • B. 4
  • C. 3
  • D. 2
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3549

Economic problem arise in all society because?

  • A. resources are mismanaged by leaders
  • B. there is no proper planning
  • C. resources are not in adequate supply
  • D. the services of economist are not employed
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3550

which of the following is not emphasized in a production possibility curve

  • A. scarcity of resources
  • B. economic development
  • C. inefficiency in the use of resources
  • D. unemployment of labour
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