Search SchoolNGR

Economics Past Questions and Answers

Classroom

Economics Questions

Question 2201:

The purchasing power of the Naira will fall when

SchoolNGR Classroom

A Workers are retrenched
B The colour of the naira is changed
C The government cuts all salaries and wages
D There is inflation
E The naira is overvalued

View Answer & Explanation

Question 2202:

Time deposit has the same meaning as

SchoolNGR Classroom

A Current account
B Demand deposit
C Deposit account
D Bank deposit
E Bank rate

View Answer & Explanation

Question 2203:

Which of the following best explain an inflationary situation at current price level?

SchoolNGR Classroom

A Demand, supply
B Demand supply
C Demand = Supply
D Demand/Supply
E Demand = zero

View Answer & Explanation

Question 2204:

The theory of consumer behavior is based on all the following assumption except that the

SchoolNGR Classroom

A Consumer is assumed irrational
B Consumer taste remains constant
C Consumer has budget constraint
D Consumer aims at maximizing his utility
E Consumer is exposed to more than one commodity

View Answer & Explanation

Question 2205:

The Joint Stock Company can be a company whose minimum membership is

SchoolNGR Classroom

A 2
B 5
C 7
D 10
E 20

View Answer & Explanation

Stay Updated

Follow us on:

Subjects