Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. FUTA
  4. /
  5. Economics
  6. /
  7. 2010/2011
  8. /
  9. Q10
Question 10

The ultimate objective of economics is to

  • A.Make the best use of scarce resources
  • B.Decide under what circumstances in the economy
  • C.Organize production at the lowest cost
  • D.Make effort to understand how the economy works
Objective

Question details

Exam body
FUTA
Subject
Economics
Year
2010/2011
Question no.
#10
Type
Objective
Previous · Q9Money market differs from capital market in that it Next · Q11 What to produce in any society is determined by the

More from this paper

  • Q6One of the gains by member states of Economic Community of West African States…
  • Q7Deflation is a persistent fall in the general price level and is usually caused…
  • Q8Price can be defined as
  • Q12One of the fundamental between a capitalist and a socialist economy is that…
  • Q13If at #50 per kg, 1000kg of yam were purchased and at #30 per kg, 1500kg were…
  • Q14If as the price of a commodity rises, the quantity demanded of the commodity…
See all Economics 2010/2011 questions
Teacha

Africa's learning & exam readiness platform. Built for students, tutors, and schools.

Platform

  • Courses
  • Mock Exams
  • Past Questions

For You

  • I'm a Tutor
  • I'm a School
  • Pricing

© 2025 Teacha. Built for African learners, tutors, and schools. Teacha is not affiliated with WAEC, NECO, or JAMB. All past questions are sourced from publicly available materials.

Privacy PolicyTerms of UseCookie Policy