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Economics Past Questions


Question 236:


In Nigeria, most agricultural policies are aimed at______?

A. Ensuring equitable distribution of income
B. Liberalizing all sectors of the nation's economy
C. Encouraging the development of manufacturing sector
D. Achieving self-sufficiency in food production


Question 237:


One major problem encountered by ECOWAS is_______?

A. Conflict of interest among members
B. Increasing population
C. Weakness in the trade relationship
D. Language barrier


Question 238:


One of the characteristics of private enterprises is ______?

A. Provision of welfare to the citizens
B. That tax payers bear all the risks
C. Public ownership of shares
D. Individual funding of business activities


Question 239:


The concept of marginal utility indicates the relationship between utility and _________?

A. Price
B. Satisfaction
C. Cost
D. Revenue


Question 240:


In Nigeria, unemployment can be minimized through______?

A. Diversification of the economy
B. Strict immigration law
C. Paying unemployment benefits
D. Restrictive fiscal policy






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