Post Utme Economics Past Questions and Answers

Question 246:

Microeconomics deal with _____________

A. Studying economics with the use of small lab created systems
B. Studying economics on the highest level of aggregation; the economy as a whole
C. Studying economics on a lowlevel of aggregation; individual decisions or a specified market
D. Studying micro-organism and their individual economics

Question 247:

Macroeconomics deal with _____________

A. Studying economics with the use of large lab created systems
B. Studying economics on the highest level of aggregation; the economics as a whole
C. Studying economics on a low level of aggregation; individual decisions or a specified market
D. Studying a large person's economic behaviour vs a small person's behaviour

Question 248:

In economics, aggregation means _____________

A. The lumping together of actions by individual agent
B. The total sum of all people in an economy
C. The total sum of all money spent on an economy an
D. Gathering of information in economy

Question 249:

Which of the following is a part of macroeconomic study?

A. Unemployment in the nation
B. The price of gasoline
C. The total cost gf tuition per year for an individual student
D. The auto workers unemployment rate in Detroit

Question 250:

A microeconomic decision can include _____________

A. A person's decision whether or not to buy a car
B. A decision by a family whether or not to buy a car
C. A decision by a company about whether or not to buy a new truck fleet
D. All of the above