Post Utme Economics Past Questions and Answers

Question 376:

Economic planning in Nigeria faces all these problems except ____________

A. Shortage of land
B. Shortage of capital
C. Lack of skilled manpower
D. Political instability

Question 377:

The natural growth rate of population is the ____________

A. Sum of the birth rate and the death rate
B. Sum of the birth rate and the net migration rate
C. Birth rate minus the death rate
D. Death rate minus the net migration

Question 378:

Which of the following is not correct?

A. Population refers to the number of people living in a place
B. The population of a place ts not static
C. Population is known through a census
D. Population is affected by the amount of money in circulation

Question 379:

if the pnce elasticity of demand for a good is greater than one. then its demand will be ____________

A. Inelastic
B. Infinitely elastic
C. Infinitely inelastic
D. Relatively elastic

Question 380:

In any economic system, which of the following is not an economic problem?

A. What goods and services to produce
B. For whom to produce goods or services
C. What techniques of production to be adopted
D. Equal distribution of the goods and services