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Economics Past Questions and Answers

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Economics Questions

Question 4371:

A firm is said to be a public joint-stock company when it ____________

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A Has unlimited liability
B Is administered by the public
C Is owned by the government
D Operates as a public corporation
E Sells its shares to members of the public

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Question 4372:

The growth of a country’s population is affected by ____________

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A Military might of the country
B Number of births per thousand of the population
C Number of people willing to be counted
D The amount of money in circulation
E The number of men in the population

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Question 4373:

Oil was first discovered in commercial quantity in ____________ State.

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A Amasoma, Bayelsa
B Bonny, Rivers
C Oloibiri, Rivers
D Igbokoda, Ondo
E Warri, Delta

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Question 4374:

Price elasticity of supply measures the responsiveness of quantity supplied to ____________

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A A change in the demand for the product V
B A change in the price of the commodity
C Changes in consumers
D Changes in prices of other commodities
E Changes in suppliers income

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Question 4375:

Labour force simply means the ____________

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A Demand and supply of labour
B Efficiency of labour
C Job seekers
D Unemployable population
E Working population

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