Search SchoolNGR

Sunday, 26 April 2026
Register . Login

Economics Past Questions and Answers

Economics Questions

Question 366:
Wage freeze is a policy measure aimed at
  • A Encouraging investors
  • B Curbing inflation
  • C Regulating standard of living
  • D Curbing deflation
View Answer & Explanation
Question 367:
A major obstacle to the development of Nigeria economy is
  • A Low capital formation
  • B Rural-urban migration
  • C Over dependence on oil
  • D Poor developmental policies
View Answer & Explanation
Question 368:
Which of the following can be used to measure the Gross National product in an open economy?
  • A C+I+G+(X+M)
  • B C+I+G+X
  • C C+I+G
  • D C+I+G+(X-M)
View Answer & Explanation
Question 369:
A monopolist can boost up his revenue by
  • A Adjusting both price and output upward
  • B Reducing total output to match price
  • C Increasing price
  • D Reducing price
View Answer & Explanation
Question 370:
If MPC = 2/3 and investment is N100 million, the level of national income is
  • A N100 million
  • B N10 million
  • C N303 million
  • D N300 million
View Answer & Explanation