Post Utme Economics Past Questions and Answers

Question 756:

If a person receives a higher wage than would be necessary to induce him to work. lie is said to be receiving ____________

A. Rent
B. Profit
C. Interest
D. Gain
E. Moratorium

Question 757:

Which of this is likely to be inflationary ____________

A. Tax increase
B. Budget surplus
C. Increase in unemployment
D. Wage increase
E. Increase iii labour supply

Question 758:

A characteristic of a debenture is that ____________

A. It yield is based on profits
B. Its yield is a fixed rate of interest
C. It has no redemption date
D. There is a voling when interest is paid
E. Its interest is variable

Question 759:

Which of these is not included in measuring national income by the income approach?

A. Wages and salaries of public servants
B. Students bursanes and scholarships
C. Profit of international
D. Income of self employed persons
E. Rents on property

Question 760:

The revenue accruing to the seller of commodity \(X\) as a result of a fall in price will ____________

A. Increase
B. Fall
C. First fall but increase later
D. Remain unchanged
E. Change noticeably