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Economics Past Questions and Answers

Economics Questions

Question 3816:
A major trading problems facing<br/>ECOWAS is ____
  • A The absence of common currency
  • B Political instability
  • C High poverty level
  • D Non-implementation of decisions
  • E Trade-related political crisis in Ivory coast
View Answer & Explanation
Question 3817:
The biggest source of government<br/>revenue in Nigeria is ___
  • A Mining rents and royalties
  • B Company income tax
  • C Import duties
  • D Export duties
  • E Petroleum profits tax
View Answer & Explanation
Question 3818:
A major obstacle to economic<br/>development is ___
  • A A rise in industrial output
  • B Low farm productivity
  • C Free trade
  • D Ineffective trade unions
  • E Corruption
View Answer & Explanation
Question 3819:
A sustained increase in the per capita income of a country over a period of time is called ____
  • A Economic growth
  • B Economic development
  • C Structural change
  • D Stagflation
  • E Sustainable income growth
View Answer & Explanation
Question 3820:
In recent years, Nigerian economy has been registering a spectacular growth in____ sector in the last ten years.
  • A Agriculture
  • B Education
  • C Telecommunication
  • D Transport
  • E Distribution
View Answer & Explanation