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Economics Past Questions and Answers

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Economics Questions

Question 976:

International and inter-regional trade differ primarily because?

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A Comparative advantage is relevant to the former but not to the latter
B Products flow across national boundaries
C There are different resources supplies among countries of the world
D Of regulation from GATT

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Question 977:

Optimum population is the population level at which?

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A Death rate is at a minimum
B Per capita income is at a maximum
C Population is at a maximum
D Death rate is equal to birth rate

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Question 978:

The group of people engaged in banking or insurance services by occupational distributions are classified as?

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A Primary producers
B Secondary producers
C Tertiary producers
D Technical producers

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Question 979:

The difference between gross national product and net national product is equal to?

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A Gross investment
B Net investment
C Net foreign income
D Capital depreciation

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Question 980:

The value of the total output produced within Nigeria by all residents (citizens and non-citizens) is referred to as the?

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A Gross national product
B Disposable income
C National income
D Gross domestic product

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