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.
A good measure of the standard of living usually used for international comparison is______
Per Capita Income (PCI)
Gross National Product (GND)
Net National Income (NNI)
Gross Domestic Product (GDP)
Correct answer is A
No explanation has been provided for this answer.
The PAYE ( Pay As You Earn) in Nigeria is an example of ______
Flat Rate Tax
Community tax
Regressive tax
Progressive tax
Correct answer is D
No explanation has been provided for this answer.
Single buyer in the market
Few buyers in the market
Few sellers in the market
None of the above
Correct answer is C
No explanation has been provided for this answer.
Palm oil industry is located in Old Bendel State because the state_____
Land is suitable for oil
Is a palm tree growing area
Soil is unsuitable for other crops
Imports raw materials for palm oil industry
Correct answer is B
No explanation has been provided for this answer.
In a sole proprietorship, the decisions are made by the ______
Government
Management
Owner
Board of Directors
Correct answer is C
No explanation has been provided for this answer.