FUTA Post UTME Economics Past Questions

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The main objective of the Economic Community of West African States is to

Which of the following situations can give rise to economic problems?

A characteristic of a debenture is that

A disadvantage of joint-stock company is

In the normal channel of distribution the breaking of bulk is performed by the

One of the assumptions of ordinary utility in consumer behavior is that

A tax that increases at a higher percentage as income increases is called

An aspect of taxation that involves normative economics is the

Population density refers to

A free trade area emerges when

The difference between payments and receipts for visible trade is called

Given that Y= C + I and C = bY where b = 0.8, what is the multiplier?

The most important economic characteristic differentiating commercial banks from other financial institutions is their

Given that the cash reserve ratio is 10 percent, what is the maximum amount of money that the banking system can create from an initial cash deposit of ₦1000.00?

Gresham's law in economics shows that

The main function of price mechanism is to

Production in Economics can be defined as the

Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will

In drawing an individual's demand curve for a commodity, which of the following is NOT kept constant?

In their savings-to-investment role, many non-banking financial institutions help to

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