Post Utme Obafemi Awolowo University Economics Past Questions and Answers

Question 16:

Who among the following can be regarded as the fore-father of Economics?

A. Max Muller
B. Adam Smith
C. Karl Marx
D. Robert Malthus

Question 17:

Nigeria operates ____________

A. Socialist economy
B. Capitalist economy
C. Fundamentalist economy
D. Mixed economy

Question 18:

An economy which does not have any relation with the rest of the world is known as____________

A. Mixed economy
B. Open economy
C. Closed economy
D. Socialist economy

Question 19:

Malthusian theory of population explored the relationship between____________

A. Optimum growth and resources
B. Population growth and development
C. Food supply and technology
D. Food supply and population

Question 20:

Which of the following is not a dimension of human development index?

A. Social status
B. Knowledge
C. Life expectancy
D. Standard of living