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 economists say that people act rationally in their self interest, they mean that individuals:

Macroeconomics can best be described as the:

A person should consume more of something when its marginal:

In economics, the pleasure, happiness, or satisfaction received from a product is called:

Utility maximization occurs when one of the following conditions is attained

Which statement best describes price legislation?

Supply is said to be inelastic when the coefficient of elasticity of supply is

Use the table below to answer the question below.Price ₦Quantity Demanded (kg)Quantity Supplied (kg)50201004040803060602080401010020The equilibrium price is

Use the table below to answer the question below.Price ₦Quantity Demanded (kg)Quantity Supplied (kg)50201004040803060602080401010020Excess demand arises at prices

Use the table below to answer the question below.Price ₦Quantity Demanded (kg)Quantity Supplied (kg)50201004040803060602080401010020At price ₦50; there is an excess supply of

Cross elasticity of demand can be measured using one of the following formulae

Which of the following is NOT true of a market demand schedule?

Which of the following items is NOT a variable cost?

Which of the following is TRUE of Marginal cost?

Marginal propensity to consume (MPC) is calculated using one of the following formulae:

Which formula calculates a price index using the previous year as the reference year with an index of 100?

Basic economic problems of society include the following except:

In Economics human wants are usually described as

The basic concepts of Economics are

The following are categories of internal economies of scale except

5 6 7 8 9

Study with fewer interruptions on Android

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