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.
Surplus in balance of payments leads to _______
Government budget surplus
Increase in foreign reserves
Decrease in foreign reserves
None of the above
Correct answer is B
No explanation has been provided for this answer.
When a nation's exports are greater than its imports,________
The net foreign trade is zero
A favourable balance of trade exists
A favourable balance of payment exists
An unfavourable balance of trade exists
Correct answer is B
No explanation has been provided for this answer.
Inflation is likely to benefit______
Debtors
Persons with back savings
Creditors
Persons who lived on fixed pension funds
Correct answer is A
No explanation has been provided for this answer.
Which of the following is NOT a character of perfect competition?
Supply and demand are equal
Products are identical
There is perfect knowledge
There is no advertising
Correct answer is A
No explanation has been provided for this answer.
The Power Holding Company of Nigeria (PHCN) is a _______
Public limited company
Private authority
Public Corporation
Public Liability company
Correct answer is C
No explanation has been provided for this answer.