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Economics Past Questions


Question 4551:


Wheat grows best in ____________

A. Tropical climate
B. Temperature climate
C. Equatorial climate
D. Hot desert


Question 4552:


A demand which is positively related to price is true of ____________

A. Normal goods
B. Giffen goods
C. Ostentatious goods
D. Capital goods


Question 4553:


A major shortcoming of the sole proprietorship form of business is lack of ____________

A. Working capital
B. Patronage
C. Continuity
D. Market


Question 4554:


In recent times, agriculture in Nigeria tends to lose its vital labour force as a result of ____________

A. Lack of an effective agricultural policy
B. Employment opportunities in the oil sector
C. Rural urban drill
D. Iow prices of agricultural product


Question 4555:


The most important goal of OPEC is to ____________

A. Present a united front for the purpose of raising process of crude oil
B. Bring unity among the petroleum exporting states
C. Ensure political stability among member states
D. Ensure that rules on quota production are strictly followed






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