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.
Inflation can be curbed by ______
Deficit budget
Paying higher wages
Increased aggregate demand
Reducing aggregate demand
Correct answer is D
No explanation has been provided for this answer.
Which of these is not a cause of high population growth in Nigeria?
Improved hygiene
Reduction in death rate
Family planning unit of Nigeria
Increased birth rate
Correct answer is C
No explanation has been provided for this answer.
An economic problem arises when________
Sellers are few
Scarcity and choices are involved
Buyers are many
Money is in short supply
Correct answer is B
No explanation has been provided for this answer.
Scarce
Normal
Superior
Inferior
Correct answer is D
No explanation has been provided for this answer.
In a free market economy. the rationing of scarce goods is done principally by_______
Consumers
The government
The price mechanism
All of the above
Correct answer is A
No explanation has been provided for this answer.