Search SchoolNGR

Economics Past Questions and Answers

Classroom

Economics Questions

Question 301:

All the following are types of specialization except

SchoolNGR Classroom

A Manager Specialization
B Product specialization
C Specialization by sex
D Geographical specialization

View Answer & Explanation

Question 302:

A market will be at equilibrium when

SchoolNGR Classroom

A Demand and supply are equal
B Demand is greater than supply
C Price is higher
D Supply is greater than demand

View Answer & Explanation

Question 303:

Which of the following will shift the demand curve for Bournvita to the right

SchoolNGR Classroom

A A rise in price of Bournvita
B An increase in income
C A tax on cocoa producer
D A fall in price of Bournvita

View Answer & Explanation

Question 304:

Mr. Patrick’s income is N900 while that of Mr. Shodawe is N1,300. if Mr. Patrick and Shodawe pay N90 and N130 as taxes, the tax system is

SchoolNGR Classroom

A Direct
B Progressive
C Regressive
D Proportional

View Answer & Explanation

Question 305:

Which of the following is not a type of unemployment

SchoolNGR Classroom

A Factory unemployment
B Structural unemployment
C Mass unemployment
D Frictional unemployment

View Answer & Explanation

Stay Updated

Follow us on:

Subjects