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Economics Past Questions

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4046

The use of government income and expenditure instrument to regulate the economy is termed______

  • A. monetary policy
  • B. physical policy
  • C. fiscal policy
  • D. public finance
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4047

A form of tax that is mildly progressive and regressive is_______

  • A. Proportional tax
  • B. Progressive tax
  • C. Regressive tax
  • D. Digressive tax
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4048

Industrialization is the process of___________

  • A. concentrating a firm in a place
  • B. transforming as economy based on extractive to manufacturing
  • C. transferring a government industry to individual
  • D. transforming finished goods into semi-finished goods
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4049

One of these is not a way by which government encourage industrialization?

  • A. Protection of Infant industries
  • B. Establishment of Nigeria Enterprises Promotion Decree
  • C. Low Productivity and inefficiency
  • D. Establishment of higher institutions
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4050

The sector which contribute highly to the economy is___________

  • A. Primary sector
  • B. Secondary sector
  • C. Tertiary sector
  • D. Education sector
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