Post Utme Economics Past Questions and Answers

Question 131:

One of the factors affecting the supply of manufactured good is ____________

A. Weather
B. Technology
C. Consumer tastes
D. Availability of inputs

Question 132:

An upward movement along the same supply curve results in ____________

A. An increase in supply
B. A decrease in price
C. A decrease in quantity supplied
D. An increase in quantity supplied

Question 133:

An example of an indirect tax is ____________

A. Profit tax
B. Sales tax
C. Capital gain tax
D. Poll tax

Question 134:

The activities of the oil and gas industries are classified into ____________

A. Exploration and transportation
B. Upstream and downstream
C. Discovery and extraction
D. Onshore and offshore

Question 135:

Joint-stock companies can raise funds from ____________

A. The money market
B. The capital market
C. Various sources
D. Government