Post Utme Economics Questions
Question 171:
A shift in supply is caused by the following factors except ____________
- A The price of the goods
- B The cost of resources
- C The number of buyers
- D The technique of production
Question 172:
When firms are privatized ____________
- A They are transferred to individuals
- B They are made more profitable.
- C They are owned by the government but managed by individuals
- D Their products are sold to the public.
Question 173:
Any type of restncted franchise is a wrolation of the principle of ____________
- A Consttutionalism
- B Sovereignty
- C Political equality
- D Popular election
Question 174:
When the demand for a commodity ts inelastic. who bears the greater burden of the indirect tax?
- A The producer
- B The goverment
- C The retailer
- D The consumer
Question 175:
The indicator of the value of money in the market is ____________
- A The general pnce level
- B Effective supply
- C The equilibrium pace
- D Effective demand