Post Utme Economics Past Questions and Answers

Question 311:

Taxes which are levied on a person's expenditure are known as ____________

A. Purchase tax
B. Sales tax
C. Direct tax
D. Poll tax
E. Income tax

Question 312:

One of the ways by which government derives revenue from industrial enterprises in West Africa is ____________

A. Tariffs
B. Exercise duties
C. Poll tax
D. Import duties
E. Community tax

Question 313:

A commodity can be sold for two or more different prices if it is ____________

A. Produced or sold by oligopoly
B. Sold in a perfect market
C. Produced or sold by in-perfect competitors a produced or sold by perfect competition
D. None

Question 314:

Which of the following countries is not a member of the Economic Community of West African State?

A. Sierra Leone
B. Sudan
C. Gambia
D. Nigeria
E. Guinea

Question 315:

The most dominant economic activity which employs the largest number of people in West Africa is ____________

A. Manufacturing
B. Transport
C. Government
D. Agriculture
E. The petroleum industry