Post Utme Economics Past Questions and Answers

Question 366:

Which of the following is not a negative effect of inflation?

A. Lenders earn less
B. Pensioners and salary earners on fixed incomes suffer
C. Exports tend to decline
D. Savings are discouraged

Question 367:

Devaluation means ____________

A. A reduction in the value of the national currency
B. A reduction in the purchasing power of foreign currencies
C. A reduction in the value of domestic currency relative to foreign currencies
D. An increase in the value of the national currency

Question 368:

Which of the following is not an advantage of price control?

A. Control of inflation
B. Distortion of price mechanism
C. Prevention of exploitation
D. Control of producer's profit

Question 369:

Cement industry is located in Cross River because the state ____________

A. Imports raw materials.
B. Has large deposit of limestone.
C. The soil is unsuitable for other products
D. Land is suitable for cement production.

Question 370:

Which of the following is not a type of mobility of labour

A. Occupational mobility of labour
B. Industrial mobility of labour
C. Geographical mobility of labour
D. Crisis mobility of labour