Post Utme University of Calabar Economics Past Questions and Answers

Question 11:

Devaluation of the countrys currency is as a result of ____________

A. Forces of demand and supply
B. Offical policies of local economy
C. The economic meltdown
D. Foreign polices

Question 12:

The economic system which relies mainly on the pnce mechanism for the allocation of scarce resources is known as ____________

A. Capitalist economic system
B. Command economic system
C. Combined economic system
D. Traditional economic system

Question 13:

A shift in supply is caused by the following factors except ____________

A. The price of the goods
B. The cost of resources
C. The number of buyers
D. The technique of production

Question 14:

When firms are privatized ____________

A. They are transferred to individuals
B. They are made more profitable.
C. They are owned by the government but managed by individuals
D. Their products are sold to the public.

Question 15:

Any type of restncted franchise is a wrolation of the principle of ____________

A. Consttutionalism
B. Sovereignty
C. Political equality
D. Popular election