OAU Post UTME Economics Past Questions

Ulearngo is an independent study app. It is not affiliated with, endorsed by, or representing Obafemi Awolowo University (OAU). Always confirm official exam, admission, registration, syllabus, timetable, and result information from OAU admissions.

OAU admissions

When there are no external costs or benefits, allocative efficiency occurs at the output where

A demand curve which is parallel to the horizontal axis is:

For a bicycle company, an economist predicted that, other things being equal, a rise in consumer incomes will increase the demand for bicycles. This prediction is based on the assumption that:

Assume a household would consume ₦100 worth of goods and services per week if its weekly income were zero and would spend an additional ₦80 per week for each ₦100 of additional income, if C represents consumption and Y i…

If a firm can sell 3,000 units of product A at $10 per unit and 5,000 at $8, then:

The basic formula for the price elasticity of demand coefficient is:

The discount rate is the interest:

If actual reserves in the banking system are ₦40,000, excess reserves are ₦10,000, and checkable deposits are ₦240,000, then the legal reserve requirement is:

The value of money varies

The amount by which government expenditures exceed revenues during a particular year is the:

In the circular flow of income, investment and saving are, respectively:

The greater is the marginal propensity to consume, the:

Unemployment involving a mismatch of the skills of unemployed workers and the skills required for available jobs is called:

Assuming the total population is 100 million, the civilian labor force is 50 million, and 47 million workers are employed, the unemployment rate is:

In the usual capital-stock accounting model, ignoring other changes, if depreciation exceeds gross investment:

Which of the following statements is correct?

Productive efficiency refers to:

If the production possibilities curve were a straight downsloping line, this would suggest that:

A nation’s production possibilities curve is bowed out from the origin because:

As it relates to international trade, dumping:

4 5 6 7 8

Study with fewer interruptions on Android

Use Ulearngo on a verified device for smoother past-question study.