Post Utme Economics Past Questions and Answers

Question 786:

Money market differs from capital market in that it ____________

A. Deals with short-term loans while capital market deals with long term funds
B. Deals with money only while capital market deals with capital as well
C. Is limited ins cope while capital market is not
D. Uses interest rates while capital market does not.

Question 787:

A production possibility curve shows ____________

A. How much of the resources of society are used to produce a particular commodity
B. The rate of inflation
C. The rate of unemployment in the economy
D. The various combinations of two commodities that can be produced.

Question 788:

Age Distribution Table
\begin{array}{|l|l|l|l|}
\hline \(10-15\) years & \(16-35\) years & \(36-50\) years & 61 and above \\
\hline 10000 & 3000 & 5000 & 2000 \\
\hline
\end{array}
Nigeria. What is the dependene distribution of a town in ____________

A. \(3: 2\)
B. \(2: 1\)
C. \(5: 2\)

Question 789:

The situation in which the total spending exceeds total revenues is called ____________

A. Balanced budget
B. Budget surplus
C. Buded surplus

Question 790:

The maximization of profit tends to be the driving force in the economic decision making of ____________

A. Entrepreneurs
B. Workers
C. Consumers
D. Legislators