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Economics Past Questions and Answers

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Economics Questions

Question 4176:

A market situation with few sellers and many buyers is called ____________

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A Monopoly
B Duopoly
C Oligopoly
D Perfect competition
E Monopsony

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Question 4177:

In income determination theory, acceleration principles shows that

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A Income is the cause, while investment is the effect investment
B Income and investment are both causes
C Income and investment are both effects
D Incomes is of on effect on investment
E Investment is the causes, while income is the effects

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Question 4178:

The main disadvantages of deflationary policies is ____________

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A Full employment in the country
B Increasing cost of living
C Improved standard of living
D Unemployment in the country
E Under employment in the country

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Question 4179:

The bank established to finances project aimed at promoting economic and social development within the African continent is ____________

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A African bank for commerce and industry
B African development bank
C Economic bank for African
D Recovery fund bank for Africa
E Africa currency board bank

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Question 4180:

The comparison of the standard of living between Nigeria and Ghana is best down through the use of ____________

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A Gross domestic product
B Gross National incomes
C Net disposable income
D Net National income
E Per capita income

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