Post Utme Economics Questions
Question 176:
Which of the following is not charactenstic of a perfect competition?
- A Many sellers and buyers are in the market
- B There is perfect knowledge of the market situation
- C Supply and demand are equal
- D There is no discnmination
Question 177:
The pnce of a commodity is determined by the ____________
- A Supplier
- B Consumer
- C Quantity of goods demanded
- D Interaction of demand and supply
Question 178:
In which of the following economic systems is the consumer referred to as ,The King"?
- A Planned economy
- B Mixed economy
- C Traditional economy
- D Free Market economy
Question 179:
As interest rate increases ____________
- A Investment declines
- B It is not certain what happens to investment
- C Investment increases
- D Investment remains constant
Question 180:
The three major agents of an economic system are the ____________
- A Consumer, workers and producers
- B Markets, telecommunication and banks
- C Schools, hospital and universities
- D Individuals, firm and government