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Economics Past Questions and Answers

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Economics Questions

Question 2216:

when a country has a large labour forvce , it is beneficial to use a method of production which is

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A Capital intensive
B Land intensive
C Labour intensive
D Mechanically intensive
E Technically intensive

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Question 2217:

which of the following are determinants of the rate of population growth?

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A Birth rate, immigration and death rate
B Birth rate, death rate and emigration
C Death rate , birth rate and net migration
D Migration, large families and birth rate
E Death rate, migration and mortality rate

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Question 2218:

The concentration of industries in one place is referred to as

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A Location of industries
B Multiplication of industries
C Pluralization of industries
D Proliferation of industries
E Localization of industries

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Question 2219:

which of the following best describes the budget? A

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A Plan of government's needs and expenditure for a year
B Detailed estimate of government financial operation for a year
C Satisfactory balance between income and expenditure for one year
D Plan for importation of essential goods and services for one year
E Plan for control of government industries and corporations for one year

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Question 2220:

Which of the following is not done by the NNPC?

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A Production of crude oil
B Refining of crude oil
C Exploration for crude oil
D Exploitation of crude oil
E Pricing of crude oil

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