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Economics Past Questions and Answers

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Economics Questions

Question 4251:

The unit of satisfaction dived from the consumption of an additional unit of a commodity is known as ____________

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A Average utility
B Marginal cost
C Marginal product
D Marginal utility
E Total utility

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Question 4252:

Which of the following is NOT a problem of population census in Nigeria?

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A Inadequate transportation
B High birth rate
C High cost
D Mass illiteracy
E Political interest

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Question 4253:

A negative effect of the discovery of petroleum on the Nigerian economy is ____________

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A Conversion of the economy into a mono product type
B Development of infrastructures
C Encouragement of international recognition
D Provision of job opportunities
E Rapid industrialization

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Question 4254:

Demand for labour depends on the following factors EXCEPT

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A Number of industries/enterprises
B Nature of industries/business enterprises
C Price of labour
D Demand for labour output and prices
E The period of training

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Question 4255:

The main industrial cities in Nigeria are ____________

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A Ikeja, Kano, Onitsha and Port-Harcourt
B Kaduna, Dutse, Ogbomoso a Calabar
C Kano, Ilesa, Vadeikya and Afikpo
D Maiduguri, Ikote Ekiti, Moniya and Akungba
E Mokwa, Ijebu-ode, Warri and Gummel

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