OAU Post UTME Economics Past Questions

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In the standard rational consumer model, where more of a desirable good is preferred to less and other conditions stay the same, which statement is NOT an assumption?

Which of the following statements is correct? The Central Bank

The demand curve for the pure monopolists is

The reason for the law of demand can best be explained in terms of:

If the equation relating consumption (C) to income (Y) is C = ₦7, 500 + 0.2Y, then

The capitalist system is characterized by all the following except:

Economics is founded on the principle that:

Given that fixed cost is ₦500.00, variable cost is ₦1,500.00 and output is 40units, what will be the average cost of producing one unit?

Which of the following is regarded as fixed cost?

A monopolist will practice price discrimination in two markets if

Tax incidence is the analysis of

Which of the following is the most important reason why wages differ among occupations?

Which of the following does not hinder the efficient distribution of goods in West Africa?

At every point on an indifference curve, the

Which of the following is the most liquid asset to a commercial bank?

An economic system in which most capital goods are owned by individuals and private firms is known as

When the demand for a commodity is inelastic, total revenue will fall if

Which of these factors does not shift the market demand curve?

The maximization of profit tends to be the driving force in the economic decision making of:

The situation in which the total amount of government spending exceeds total revenues is called a:

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