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Economics Past Questions and Answers

Post Utme Economics Questions

Question 201:
Positive checks as envisaged by Thomas Malthus can be prevented if ____________
  • A Death rate is reduced
  • B Marriage is abolished
  • C More hospitals are built
  • D Moral restraint is adopted.
View Answer & Explanation
Question 202:
Business organizations in which the owners' personal property may be forfeited in the event of bankruptcy are ____________
  • A Partnerships and limited liability companies
  • B Partnerships and sole proprietorships
  • C Cooperatives and limited liability companies
  • D Corporations and sole proprietorships
View Answer & Explanation
Question 203:
The factors responsible for the current inflationary pressures in Nigeria is the ____________
  • A Exchange rate depreciation
  • B Increase in exports
  • C Low per capital income
  • D Budget surplus
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Question 204:
If the marginal utility of the last unit commodity \(\mathrm{X}\) at \(\mathrm{N} 2\) is 16 and that of commodity \(\mathrm{Y}\) at \(\mathrm{N} 4\) is 24 , the consumer will be at equilibrium when ____________
  • A The price-quantity ratios are equal
  • B Equal amounts of \(X\) and Yare consumed
  • C Less of \(\mathrm{Y}\) and more of \(\mathrm{X}\) are consumed
  • D Less of \(\mathrm{X}\) and more of \(Y\) are consumed
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Question 205:
One of the economic problems of Nigeria today arises from ____________
  • A The over utilization of human and natural resources
  • B In availability of mineral resources
  • C Inadequate manpower resources
  • D The underutilization of human and natural resources
View Answer & Explanation