Post Utme Economics Past Questions and Answers

Question 456:

The monopolist can determine ____________

A. Price and output
B. Price only
C. Output only
D. Price or output

Question 457:

Season (X) 0 2 1 5 7 7 11
Frequency 7 11 6 7 7 4 3

The median is:

A. 2
B. 3
C. 4
D. 5

Question 458:

The power of trade unions may be weakened when there is ____________

A. Optimum population
B. A weak government on power
C. Over-population
D. A civilian government in power

Question 459:

Malthus major contention is that ____________

A. Population increased in arithmetic progression while food production increased in geometric progression
B. Population increased in geometric progress while food production increased in arithmetic progression
C. Population and food growth rate will in future be at par
D. Nations have to get enough manpower to cultivate available land for food

Question 460:

The problem of small markets in West African can be solved through ____________

A. Separate planning among the West African countries
B. Meaningful co-operation among the West African countries
C. Political stability in West Africa
D. Impositions of high tariffs on West African exports (e) the central banks of West African countries.