FUTA Post UTME Economics Past Questions

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Use the table below to answerPrice in ₦Quantity SuppliedQuantity Demanded10504502015035030250250403501505045050Above the equilibrium point, a further rise in price tends to

In a centrally planned economy, the economic problem of deciding what to produce is dependent on

In a free market economy, the price system allocates resources

Normative economics deals with

The shape of a production possibility frontier is determined by the

One of the fundamental differences between a capitalist and a socialist economy is that while

If the cost of production for a firm continues to increase as its output rises ,the firm is said to be experiencing

Non-bank financial intermediaries do not

The relationship between the value of money and the price level is

The best way to reduce the supply of money in the economy is to

In macroeconomics, the money-to-income measure of monetisation refers to the ratio of

The purchasing power of the naira will fall when

Banks aid economic expansion and development by

International and inter-region trade differ primarily because

The value of the total output produced within Nigeria by all residents (citizens and non-citizens) is referred to as the

The difference between gross national product and net national product is equal to

With other conditions unchanged, for a small import-duty increase that raises the price paid by buyers, their total spending on imports, including the duty, will rise if demand is:

Which form of business is jointly owned and democratically controlled by members to meet their common needs, rather than being defined only by a profit objective?

Liquidation of a limited liability company implies that the

Unlike the retailer, the wholesaler provides

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