Post Utme Economics Past Questions and Answers

Question 371:

A common natural response of people to the problem of uneven distribution of resources in a place is ____________

A. Hoarding
B. Shifting cultivation
C. Family planning
D. Migration

Question 372:

Subsistence agriculture means ____________

A. Cultivation for external use
B. Cultivation for local industries
C. Farming for the urban dwellers
D. Cultivation for household consumption

Question 373:

The natural growth rate of a population is the ____________

A. Death rate plus net immigration
B. Rate of migration divided by birth rate
C. Birth rate minus death rate
D. Sum of birth rate and net immigration rate

Question 374:

Who bears the greater burden of the indirect tax when the demand for a commodity is inelastic? The ____________

A. Wholesaler
B. Shareholder
C. Retailer
D. Consumer

Question 375:

Which of these is NOT a feature of under development?

A. Low per capita income.
B. Vicious circle of poverty.
C. Low level of industrialization
D. High per capita income.