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Wednesday, 01 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 1301:
In a country, if the proportion of people who are below 15 years is 45% and those above 60 years is 30%, this implies that the?
  • A Dependency is ratio high
  • B Population is optimum
  • C Active population is large
  • D Population is growing according to Malthus theory
View Answer & Explanation
Question 1302:
One of the objectives of Nigeria's current population policy is to?
  • A Reduce the birth rate
  • B Reduce the emmigration rate
  • C Increase the birth rate
  • D Enhance longevity
View Answer & Explanation
Question 1303:
Labour productivity is the ratio of?
  • A Labour to output
  • B Man-hours to output
  • C Output to man-hours
  • D Average product to man-hours
View Answer & Explanation
Question 1304:
The type of cost which has to be covered for a firm to continue production in the short-run is the?
  • A Overhead cost
  • B Fixed cost
  • C Marginal cost
  • D Average variable cost
View Answer & Explanation
Question 1305:
A good is said to be inferior if its demand?
  • A Rises as it price rises
  • B Falls as it price rises
  • C Rises as it price falls
  • D Is perfectly inelastic
View Answer & Explanation