Post Utme Economics Past Questions and Answers

Question 416:

All things being equal, an easy monetary policy during a recession will ____________

A. Lower the interest rate, increase investment and reduce net export
B. Lower the interest rate, increase investment and increase aggregate demand
C. Increase the rate of interest, increase investment and reduce net export

Question 417:

An appreciation of the NAIRA ____________

A. Reduce the price of imported resources, lower input prices and increase aggregate supply
B. Increase net exports and aggregate demand
C. Increase aggregate supply and aggregate demand.

Question 418:

The three principal economic units in any system are ____________

A. Trade, industry and banking
B. Workers, consumer and share holders
C. Households, firms and government
D. Companies, industry and plant

Question 419:

The reward which accrues to labour for participating in production is ____________

A. Interest
B. Wage
C. Bonus
D. Profit

Question 420:

The Malthusian theory of population does not concern itself with ____________

A. Growth of food production in arithmetical progression
B. Growth of population in geometric progression
C. Positive checks to population growth
D. Development and growth for manpower