OAU Post UTME Economics Past Questions

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Marginal cost curve intersects average cost curve

When optimum population is assessed by the highest average purchasing power, the most precise measure is maximum

If an increase in income induces a reduction in the demand for beans, beans can be referred to as

Economics of scale operates only when

By using exchange controls, a country tries to eliminate a balance of payments deficit by

The marginal theory of distribution makes an assertion that the price of any factor depends upon its marginal

The monetary system that requires double coincidence of wants is known as

One disadvantage of sole proprietorship is its

Demand for a factors of production is

A greater burden of taxes on essential goods is borne by the

In a sole proprietorship decisions are made by the

Under partnership, investors who have no desire to be actively involved in the day-to-day management of such organizations are called

Deflation is a persistent fall in the general price level and is usually caused by

What happens to the seller's total revenue when the price of commodity X falls, if no information about quantity sold is given?

Which of these is not included in measuring national income by the income approach?

A characteristic of a debenture is that

Which of this is likely to be inflationary?

If a person receives a higher wage than would be necessary to induce him to work, he is said to be receiving

For two substitute goods, the cross elasticity of demand is

The primary problem of economics is

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