Post Utme Economics Past Questions and Answers

Question 796:

Which of the following does not hinder the efficient distribution of goods in West Africa?

A. Government participation in the distributive trade
B. Inadequate storage facilities for agricultural goods
C. Inadequate credit facilities for potential distributors
D. The tendency to hoard and smuggle.

Question 797:

Which of the following is the most important reason why wages differ among occupations?

A. Length and cost of training
B. Supply of labour
C. Attractiveness of the job
D. How a tax is collected

Question 798:

Tax incidence is the analysis of ____________

A. How progressive a tax is
B. How distorting a tax is
C. Who ultimately pays the tax
D. How a tax is collected.

Question 799:

A monopolist will practice price discrimination in two markets if ____________

A. There is a patent of the commodity
B. There is free flow of information in the two markets
C. The markets have different elasticities of demand
D. The cost of separating the markets is low

Question 800:

Which of the following is regarded as fixed cost?

A. Cost of raw materials
B. Labour wages
C. Rent on land
D. Cost of light