Search SchoolNGR

Saturday, 20 June 2026
Register . Login

Economics Past Questions and Answers

Economics Questions

Question 4311:
Persistent fail In the general price level Is known as ____________
  • A Deflation
  • B Devaluation
  • C General price Increase
  • D Inflation
  • E Price index
View Answer & Explanation
Question 4312:
An economy in which decision of what to produce is taken partly by private individuals and state is referred to as Economy.
  • A Capitalist
  • B Communist
  • C Mixed
  • D Socialist
  • E Welfarist
View Answer & Explanation
Question 4313:
The 2nd National Development plan in Nigeria was between ____________
  • A 1962 — 1968
  • B 1970 — 1974
  • C 1975 — 1980
  • D 1980 — 1985
  • E 1985 — 1990
View Answer & Explanation
Question 4314:
An industry operating in a perfect competitive market situation will maximum profit when ____________
  • A DD = SS
  • B DD < SS
  • C MC > AC
  • D MC < AR
  • E MC = MR
View Answer & Explanation
Question 4315:
The satisfaction derived from Die consumption of a commodity is referred of as ____________
  • A Consumption
  • B Demand
  • C Production
  • D Utility
  • E Utilization
View Answer & Explanation