Post Utme Economics Past Questions and Answers

Question 276:

One of the dangers of the Iocalization of industries is ____________

A. Residual unemployment
B. Mass unemployment
C. Structural unemployment
D. Cyclical unemployment

Question 277:

Stocks and shares as well as bonds are examples of instruments used in the ____________

A. Commodity markets
B. Money markets
C. Capital markets
D. Security markets

Question 278:

GDP differs from GNP because GDP

A. Emphasizes the final goods and services produced within the country at a particular period
B. Emphasizes the good and services produced within the country
C. Is inclusive of depreciation
D. Emphasizes the market value of all final goods and services produced by nationals

Question 279:

A major function of the entrepreneur is to ____________

A. Finance public projects
B. Donate to the needy
C. Bear risks
D. Discourage investors

Question 280:

The economics resources of capitalist are controlled by ____________

A. The state
B. Private individuals
C. The workers
D. Foreigners