Post Utme Economics Questions
Question 321:
The nature of cost in economics mainly refers to:
- A Behavior of production expenses
- B Consumer spending habits
- C Government taxation policies
- D Population growth patterns
Question 322:
One source of external economies is:
- A Declining transportation systems
- B Government infrastructure development
- C Poor industrial coordination
- D Increased production congestion
Question 323:
Firms may experience diseconomies when:
- A Bulk purchasing reduces cost
- B Production scale becomes excessive
- C Specialization improves efficiency
- D Technology increases productivity
Question 324:
Which of the following is included in GDP?
- A Illegal foreign transactions
- B Second-hand goods resale
- C Production within the country
- D Transfer payment activities
Question 325:
If national income is ₦500 billion and population is 50 million, per capita income is:
- A ₦10,000
- B ₦1,000
- C ₦500,000
- D ₦100,000