Economics Questions and Answers
Economics questions and answers to help you prepare for JAMB, WAEC, NECO, Post UTME and job aptitude tests or interviews.
Economics questions and answers to help you prepare for JAMB, WAEC, NECO, Post UTME and job aptitude tests or interviews.
In an open economy, the GNP is measured as_____________?
C + 1 + G(X-M)
C + 1 + G
C + 1 + G + X
C + 1 + G + M
Correct answer is A
No explanation has been provided for this answer.
The basic economic problems of society include__________
Scarcity, for whom to produce and where
What to produce, how and for whom
Scarcity, when to produce and how
How to produce and sell
Correct answer is B
No explanation has been provided for this answer.
Only the quantity will increase
The prices will remain constant
The equilibrium price and quantity will increase
Only the price will increase
Correct answer is C
No explanation has been provided for this answer.
The minimum number of share holders for joint stock companies is______________
4
2
7
3
Correct answer is C
No explanation has been provided for this answer.
The factor of production that has the highest degree of mobility is__________?
Entrepreneurship
Land
Labour
Capital
Correct answer is C
No explanation has been provided for this answer.