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Economics Past Questions and Answers

Economics Questions

Question 1021:
Which of the following is a tariff?
  • A Limit on the amount of goods which can be imported
  • B Inteest rate on foreign loans
  • C Government payment to domestic producers for exports
  • D Tax on imported goods
View Answer & Explanation
Question 1022:
Import duties will increase total expenditure on imports if the demand for imports is?
  • A Elastic
  • B Inelastic
  • C Infinitely elastic
  • D Derived
View Answer & Explanation
Question 1023:
Which of the following is likely to hinder labour mobility in Nigeria?
  • A Higher wages elsewhere
  • B Cultural similarities
  • C Good accommodation elsewhere
  • D Ignorance of job opportunities elsewhere
View Answer & Explanation
Question 1024:
If birth rate is constant and death rate declines, population?
  • A Falls
  • B Expands
  • C Stabilizes
  • D Oscilates
View Answer & Explanation
Question 1025:
If the government invest the sum of N1,000,000.00 and the marginal propensity to consume is 0.75, what is the change in income?
  • A N1,000 000.00
  • B N4,000 000.00
  • C N6,000 000.00
  • D N14,000,000.00
View Answer & Explanation