Economics (UI) Study Mode

Try this quiz in CBT Mode
Economics (UI) in CBT Mode

Please share this quiz link to your friends, they might need it!

Quiz link
Share Economics (UI) with your friends
Share to WhatsApp Share Quiz CBT mode Study mode copy link
https://quizzerweb.com.ng/quiz?q=Economics%2B%2528UI%2529&id=66

Join Discuss Share Question Share to WhatsApp
Question 32 Economics (UI) | UI Post UTME
A
managerial inefficiency  
B
increased resource-cost  
C
large market  
D
inefficient business environment  
E
technology  
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
C
Join Discuss Share Question Share to WhatsApp
Question 33 Economics (UI) | UI Post UTME
A
doubling inputs brings about more than proportionate increase in output  
B
doubling inputs leads to a doubling of output  
C
doubling input brings about less than proportionate increase in output  
D
decrease in profit  
E
increase in revenue  
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
C
Join Discuss Share Question Share to WhatsApp
Question 34 Economics (UI) | UI Post UTME
A
obtaining maximum output from available resources  
B
equitable distribution of nation’s resources  
C
carrying out production without any waste  
D
producing the maximum output from available resources at the lowest possible cost  
E
efficient utilisation of the nation’s resources.  
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
D
Join Discuss Share Question Share to WhatsApp
Question 35 Economics (UI) | UI Post UTME
A
the advantages accruing to firm as a result of its expansion  
B
the advantages accruing to one firm as a result of the existence of other firms in the same locality  
C
benefits derived by a firm as a result of its own external economies policy  
D
economies reaped only by firms that are externally focused  
E
bound to increase the cost of production  
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
B
Join Discuss Share Question Share to WhatsApp
Question 36 Economics (UI) | UI Post UTME
A
increasing costs  
B
economies of scale  
C
decreasing returns  
D
decreasing costs  
E
none of the above  
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
B
Join Discuss Share Question Share to WhatsApp
Question 37 Economics (UI) | UI Post UTME
A
Goods are produced in the factories  
B
Goods are sold to the wholesaler  
C
Goods and services are produced by the government  
D
Prices are fixed for goods and services  
E
Goods and services finally reach the consumer  
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
E
Join Discuss Share Question Share to WhatsApp
Question 38 Economics (UI) | UI Post UTME
A
profitable to the production process  
B
purchased for the purpose of production  
C
combined in the production process  
D
produced adequately for the production process  
E
brought into factory  
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
C
Join Discuss Share Question Share to WhatsApp
Question 39 Economics (UI) | UI Post UTME
A
inefficient  
B
possible  
C
with increased output  
D
x-efficient  
E
pareto-compliant  
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
A
Join Discuss Share Question Share to WhatsApp
Question 40 Economics (UI) | UI Post UTME
A
factor procurement  
B
manufacturing  
C
investment  
D
industrialisation  
E
production  
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
E
Previous Page Next Page
Question Map