ECONOMICS POST UTME

ECONOMICS POST UTME

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ECONOMICS POST UTME

Practice the Economics Post UTME for Universities, Polytechnics and College of Education with our CBT software and pass your Economics examination.

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ECONOMICS POST UTME

ECONOMICS POST UTME 1

ECONOMICS POST UTME

ECONOMICS POST UTME

Practice the Economics Post UTME for Universities, Polytechnics and College of Education with our CBT software and pass your Economics examination.

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Category: ECONOMICS POST UTME

A rational consumer will adjust his spending pattern so that:

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Category: ECONOMICS POST UTME

Which of the following would not be included in the fundamental principle of a free enterprise economy?

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Category: ECONOMICS POST UTME

Which of the following countries does not practice capitalism?

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Category: ECONOMICS POST UTME

If you do not have to make any sacrifice in order to get a particular thing then its real cost is:

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Category: ECONOMICS POST UTME

A good example of a free good is:

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Category: ECONOMICS POST UTME

The meaning of scale of preference is:

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Category: ECONOMICS POST UTME

The term Laissez-faire is associated with:

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Category: ECONOMICS POST UTME

The concept of economic efficiency basically implies:

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Category: ECONOMICS POST UTME

The demand for a commodity not directly for immediate consumption but for the production of another commodity is:

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Category: ECONOMICS POST UTME

Which of the following is not a classification of economic activities?

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Category: ECONOMICS POST UTME

The responsiveness of demand to a change in income is termed:

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Category: ECONOMICS POST UTME

The decision on what to produce is a problem in:

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Category: ECONOMICS POST UTME

The ordinalist approach to the theory of consumer behaviour is based on the following assumption except that:

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Category: ECONOMICS POST UTME

The sum of all the marginal utilities a consumer derives from the consumption of extra units of a commodity is known as:

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Category: ECONOMICS POST UTME

MUA = PA where A = good, A:P = price of good A; MU = Marginal Utility The above equation represents:

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Category: ECONOMICS POST UTME

Use the information below to answer question below

The raw data scores of 10 students of St. Okoro College who took part in Nov/Dec. 2005 G.C.E in Economics are given below. The pass mark is 40%.

 

34       45       25       49       15

59       64       34       40       71

 

What is the mean score of the students’ marks?

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Category: ECONOMICS POST UTME

Which of the following statements is not correct about choice?

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Category: ECONOMICS POST UTME

In a market economy, the main function of price to:

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Category: ECONOMICS POST UTME

Advance stage of socialism is referred to as:

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Category: ECONOMICS POST UTME

It is impossible to satisfy all human wants because:

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Category: ECONOMICS POST UTME

The Nigerian economy can best be described as a:

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Category: ECONOMICS POST UTME

Which of the following defines Economics most comprehensively?

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Category: ECONOMICS POST UTME

The profit of a monopolist can be eliminated where price equals

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Category: ECONOMICS POST UTME

Demand in Economics is synonymous with:

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Category: ECONOMICS POST UTME

For a free commodity, a rational consumer will continuously increase his consumption until:

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Category: ECONOMICS POST UTME

“Economics is a science which studies human behaviour as relationship between ends and scarce means, which have alternative uses”. ‘Ends’ here refers to:

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Category: ECONOMICS POST UTME

One of the fundamental differences between capitalist and a socialist state is that while:

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Category: ECONOMICS POST UTME

Which of the following is not strictly included in the study of economics?

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Category: ECONOMICS POST UTME

The graph of the function C = a + bY is:

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Category: ECONOMICS POST UTME

In Ekiti State, the demand curve for rice in every household is downward sloping because:

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Category: ECONOMICS POST UTME

Basic extractive activities are classified as:

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Category: ECONOMICS POST UTME

In economic analysis, a statement is said to be normative when it:

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Category: ECONOMICS POST UTME

Another term for opportunity cost is:

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Category: ECONOMICS POST UTME

A consumer’s decision to purchase more of a product, with constant income will imply that:

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Category: ECONOMICS POST UTME

What is the first thing to do if Biola simultaneously needs computer, a laser printer and a scanner and he has money to buy only one of these items?

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Category: ECONOMICS POST UTME

Which of the following is not a good method of data presentation and interpretation?

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Category: ECONOMICS POST UTME

Mr. Tola needs a book and a calculator that cost N70 each. If he buys the book instead of the calculator, the opportunity cost of his choice is:

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Category: ECONOMICS POST UTME

A socialist economy is characterized by the:

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Category: ECONOMICS POST UTME

The economic system in which resources are privately owned is known as:

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Category: ECONOMICS POST UTME

The study of the economic behaviour of individual decision making unit in a free enterprise economy is called:

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Category: ECONOMICS POST UTME

Use the information below to answer question below

The raw data scores of 10 students of St. Okoro College who took part in Nov/Dec. 2005 G.C.E in Economics are given below. The pass mark is 40%.

 

34       45       25       49       15

59       64       34       40       71

 

The quantities of apple supplied by a farmer in a week are shown below: 9, 14, 4, 15, 18

The mean deviation of this data is:

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Category: ECONOMICS POST UTME

An increase in the demand for pen raises the demand for ink. This type of demand is called:

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Category: ECONOMICS POST UTME

In event of shortage in supply of a commodity in the market under a planned economy, the allocation of the available commodity will be carried out by:

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Category: ECONOMICS POST UTME

Irrespective of economic system adopted, which of the following is not an economic problem?

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Category: ECONOMICS POST UTME

With regard to the benefit of socialism, which of the alternatives is not correct?

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Category: ECONOMICS POST UTME

In market economy, the economy questions of what, how and for whom to produce are solved by:

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Category: ECONOMICS POST UTME

The following are the arguments for capitalism EXCEPT:

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Category: ECONOMICS POST UTME

If y represents tons of cocoa that a farmer produce, find the range of cocoa in tons that satisfies the following inequality 250 < 2y – 400:

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Category: ECONOMICS POST UTME

The knowledge of Economics enables an individual to:

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Category: ECONOMICS POST UTME

What determines how the factors of production are to be allocated among different production activities in a planned economy?

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