Post Utme Economics Past Questions and Answers

Question 811:

Inflation can be curbed by ____________

A. Increasing aggregate demand
B. Paying higher wages
C. Reducing aggregate demand
D. A deficit budget

Question 812:

The supply and demand for goods and services are influenced by the ____________

A. Super markets
B. Entrepreneurs
C. Mechanism of the law
D. Price mechanism

Question 813:

In a sole proprietorship, the decisions are made by the ____________

A. Government
B. Board of Director
C. Shareholder's Conference
D. Owner

Question 814:

Which of the following are direct taxes?

A. Income and company taxes
B. Sales taxes
C. Commodity taxes
D. Excise duties

Question 815:

The production within the domestic territory of a country is called the ____________

A. Net National Product
B. Gross Domestic Product
C. Disposable Income
D. Gross National Product