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Economics Past Questions and Answers

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Economics Questions

Question 3571:

Indigenization policy is a measure aimed at

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A Privating the existing business owned by the state
B Commercializing state owned businesses
C Reducing foreign economic domination
D Making the indegenes managing directors of businesses

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Question 3572:

Which of the following measures will hinder efficient distribution of goods in West Africa

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A Improving roads networks
B Provision of adequate storage facilities
C Instituting price control
D Formation of producers' co-operative societies

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Question 3573:

The type of unemployment that occurs as a result physical or mental disability of labour is known as

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A Frictional unemployment
B Structural unemployment
C Cyclical unemployment
D Residual unemployment

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Question 3574:

One relationship between marginal utility and total utility. When total is

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A Rising, marginal utility is rising
B Falling, marginal utility is negative
C Maximum, marginal utility is maximum
D Falling, marginal utility is rising

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Question 3575:

One feature of a growing population

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A Increase in the number of young people
B Increase in the number of old people
C Decrease in the dependent population
D Decrease in the life expectancy

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