Post Utme Economics Past Questions and Answers

Question 761:

Deflation is persistence fall in price in the general price level and is usually caused by ____________

A. A reduction in total demand
B. An increase in government spending
C. Aim increase in money supply to banks
D. An increase in aggregate demand
E. An increase in money supply relative to demand

Question 762:

Under partnership, investors who have no desire to be actively involved in the day-to-day management of such organizations are called ____________

A. Stock brokers
B. Sleeping partners
C. Part-lime investor
D. Ordinary partners
E. Debenture holders

Question 763:

In a sole proprietorship, decisions are made by the ____________

A. Government
B. Bond of director
C. Management
D. 2 shareholders
E. Owners

Question 764:

A greater burden of taxes on essential goods is borne by the ____________

A. Middle income group
B. Higher income group
C. Lower earning people
D. People foiling between the middle and higher income group
E. Top few richest people in an economy.

Question 765:

Demand as a factor of production is ____________

A. A composite demand
B. A joint demand
C. A derived demand
D. An elasticity of demand
E. Cross elasticity of demand