Post Utme Economics Questions
Question 181:
Which of the following is not an advantage of tabular presentation of data?
- A Enables easy location of required figures
- B Makes for easy comparison of figures
- C Occupies more space than mathematical equation
- D Shows whether the figures are increasing or decreasing
Question 182:
The problem of scarcity is reduced by ____________
- A Controlling consumptions of goods and services
- B Producing everything needed by consumers
- C Ensuring efficient allocation of resources
- D Restricting consumer choices and tastes
Question 183:
Which of the following factors of production consists of man made goods
- A Land
- B Labour
- C Capital
- D Entrepreneur
Question 184:
A major limiting factor of mass production is ____________
- A Efficient management
- B Adequate labour supply
- C Small size of the market
- D Adequate supply of raw materials
Question 185:
Division of labour tends to ____________
- A Improved craftsmanship
- B The production of standardized goods
- C Increase in the cost of goods
- D Trade of barter