OAU Post UTME Economics Past Questions

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Which of the following is NOT a limitation to division of labour and specialization?

Marginal Product (MP) is best defined as

Which is not an intended aim or claimed benefit of socialism?

In a capitalist society, production and consumption are regulated by the

The following are features of a free market economy except

An economic system can be defined as an

Use the diagram below to answer the question below.The total population of a country is 720 million people and this is represented by the pie chart below.The total active population in the country is,

Use the diagram below to answer the question below.The total population of a country is 720 million people and this is represented by the pie chart below.The total population who are children is

Use the diagram below to answer the question below.The total population of a country is 720 million people and this is represented by the pie chart below.The total population within age group 61 years and above is

The following is not true of price mechanism

A stock variable is measured

The difference between the output proceedings of Nigerians abroad and foreigners in Nigeria is known as;

In the ownership structure of a joint stock company, which statement usually describes voting control?

Legal Entity means

Which listed item is excluded from national income as a transfer payment given without work or goods supplied in return?

If the price ofcommodity X increases because of the increase in the price vis-à-vis the increase in demand for other commodity Y, the two commodities are likely to be

Normal profit means;

The following is not correct

When Lump-sum tax is paid by a producer, it means that;

Inflation as a result of increase in the payment for factors of production is called

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