FUTA Post UTME Economics Past Questions

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Which of the financial institutions is charged with the formulation of monetary policies in Nigeria?

Which of these statements describes a mixed economy?

The degree of specialization is limited by the

In economic analysis, a statement is said to be normative when it

Choice in economic life is necessitated by

Which of the following best describes the concept of opportunity cost?

A production possibility curve shows

Use the following production and cost data of a profit-maximizing firm to answerUnit of total inputTotal outputTFCTVC0010001310010028100124316100172420100190522100200Calculate the marginal physical product of the last un…

A modern corporation is owned by

In a Nigerian company limited by shares, what are the owners called in their ownership role?

The higher the dependency ratio, the

Which broad social rules and practices help determine what people use as money in an economy?

A tax on a commodity whose supply is perfectly inelastic is

If inflation is anticipated to continue,

For which goods can quantity demanded rise when their own price rises because the income effect outweighs the substitution effect, rather than because of status?

A shift in demand curve for a commodity when the supply curve is vertical will lead to change in the

One of the most outstanding disadvantages of cooperative societies as a business organization is that

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