Post Utme Economics Past Questions and Answers

Question 516:

MDGs is the abbreviation for ____________

A. Michael Douglas Growths
B. Millennium Development Goals
C. Monthly Development Gadgets
D. Montgomery Demand Groups

Question 517:

The MDGs target year is ____________

A. 2010
B. 2020
C. 2015
D. 2025

Question 518:

One of the ways of correcting a deficit balance of payment is to ____________

A. Increase exports
B. Increase import
C. Revalue the currency
D. Reduce the currency in circulation

Question 519:

A country’s balanced of payments’ is ____________

A. The difference between exports and imports
B. A statement of the country’s financial position with the rest of the world
C. The overall position of the country’s current account
D. All of the above

Question 520:

If a good has inelastic demand, then the burden of a tax on it will fall mainly on ____________

A. The consumer
B. The manufacturer
C. The retailer
D. The wholesaler