Post Utme Economics Past Questions and Answers

Question 501:

The phrase “time is money” gives ____________

A. The idea of opportunity cost
B. The notion that everyone has a price
C. The idea that people work for free
D. The notion that no time wasted

Question 502:

Which of the following is out of place ____________

A. Adam Smith
B. Wole Soyinka
C. Alfred Marshal
D. Chukwuma Soludo

Question 503:

Consumers are constrained by ____________

A. Money
B. Prices
C. Sellers
D. Money and prices

Question 504:

Which of these is not a factor of production ____________

A. Land
B. Capital
C. Banks
D. Labour

Question 505:

Which of the following will not shift the demand curve?

A. Income
B. Taste
C. Own price
D. Preferences