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Economics Past Questions and Answers

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Economics Questions

Question 456:

The country will be over populated when

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A The rate of birth is high
B The death rate is low
C The growth rate is high
D Population is increasing more than resources in the country
E Unemployement is high in the country

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Question 457:

The value of money is generally measured in reference to

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A The interest rate charged on bank loans
B The general price level
C The size of countries gold stock
D The level of economic development in a country
E The price of stocks and shareson the stock exchange

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Question 458:

If the quantity demanded of a commodity increases from 20 to 30 when there is an increase in price from N4 to N5, the elasticity of demand is

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A Zero
B 1
C 2
D 5
E 10

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Question 459:

The total value of goods and services sold and bought in a country across its border during a given period, usually a year is known as

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A Visible trade
B Invisible trade
C Balance of payments
D Balance of trade
E Terms of trade

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Question 460:

Which of the following type of capital is not rewarded by means of dividends?

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A Ordinary shares
B Preference shares
C Cummulative shares
D Participating preference shares
E Debentures

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