Post Utme Economics Questions
Question 276:
The production stage involving extraction of natural resources is:
- A Secondary production
- B Tertiary production
- C Commercial production
- D Primary production
Question 277:
Banking, insurance, and transport belong mainly to:
- A Extractive production
- B Tertiary production
- C Secondary production
- D Primary production
Question 278:
A monetary union usually promotes:
- A Labour immobility
- B Trade restrictions
- C Exchange rate stability
- D Export prohibition
Question 279:
One major function of money is:
- A Medium of exchange
- B Trade restriction
- C Labour migration
- D Population control
Question 280:
Which cost concept involves direct cash spending?
- A Explicit production cost
- B Social production cost
- C Opportunity production cost
- D Implicit production cost