Post Utme University of Uyo Economics Past Questions and Answers

Question 11:

Price elasticity of supply measures the responsiveness of quality supplied to ____________

A. Changes in supplier’s income
B. Changes in prices of other commodities
C. A change in the price of the commodity
D. A change in the demand for the product

Question 12:

The shares which do not carry any fixed rate of dividend are known as ____________

A. Debentures
B. Cumulative preferences shares
C. Ordinary share
D. Participating preference shares

Question 13:

The value of money is best determined by ____________

A. Input-output ratio
B. The purchasing power
C. The importance people attach to it
D. Economics of scale

Question 14:

Which of the following will be an effect of inflation?

A. Wage earners will gain
B. Borrowing of money will be restricted
C. Money lenders will gain
D. Borrowers of money will gain

Question 15:

The market consisting of a network of dealers where corrosion can be bought and sold is known as ____________

A. Capital market
B. Foreign exchange market
C. Commodity market
D. The stock market