Post Utme Economics Questions
Question 126:
The unemployment associated with a recession is called ____________
- A Voluntary
- B Frictional
- C Cyclical
- D Structural
- E Disguise
Question 127:
Given that the cash reserve ratio is 10 per cent, what is the maximum amount of money that the banking system can create from an initial cash deposit of #1,000.00?
- A # 100.00
- B # 1,000.00
- C #9,000.00
- D #10,000.00
Question 128:
A society which forgoes present consumption ____________
- A Is forced to do so because of excessive consumption within the country in the past
- B Is devoting new resources to new capital formation
- C Is merely devoting resources to the replacement of capital
- D Expects to consume only that amount tomorrow which was forgone today
Question 129:
The demand for commodities that possess identical utilities is ____________
- A Composite
- B Competitive
- C Joint
- D Derived
- E None of the above
Question 130:
The circular flow of income defines the ____________
- A Relationship between ends and means in the economics system
- B Allocation of income to various members of the household
- C Flow of goods, services and money among various macrosectors of the economy
- D Micro-economic relationships in economic analysis