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Wednesday, 22 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 81:
<table class='tbn'><tbody><tr><td> X </td><td> 2 </td><td> 3 </td><td> 4 </td><td> 5 </td></tr><tr><td> F </td><td> 2 </td><td> 5 </td><td> 2 </td><td> 1 </td></tr></tbody></table> <br/><br/>What is the median of the distribution?
  • A 5
  • B 4
  • C 3
  • D 2
View Answer & Explanation
Question 82:
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
View Answer & Explanation
Question 83:
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
View Answer & Explanation
Question 84:
Factors affecting size of Labour Force include the following EXCEPT?
  • A Level of technology
  • B Retirement age
  • C Government policies
  • D Trade Union activities
View Answer & Explanation
Question 85:
Calculate the population density of Nigeria, having a total population of 180 million with a total land area of 923,768 sq km?
  • A 195 million people per sq km
  • B 5132 people per sq km
  • C 195 people per sq km
  • D 1.7 million people per sq km
View Answer & Explanation