Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. FUTA
  4. /
  5. Economics
  6. /
  7. 2013/2014
  8. /
  9. Q4
Question 4

In a centrally planned economy, the economic problem of deciding what to produce is dependent on

  • A.Average cost
  • B.state command
  • C.average profit
  • D.relative prices
Objective

Question details

Exam body
FUTA
Subject
Economics
Year
2013/2014
Question no.
#4
Type
Objective
Previous · Q3In a free market economy, the price system allocates resources Next · Q5 A demand which is positively related to price is true of

More from this paper

  • Q1The shape of a production probability frontier is determined by the
  • Q2Normative economics deals with
  • Q6Use the table below to answer table#price td {border: 1px solid;text-align…
  • Q7Use the table below to answer table#price td {border: 1px solid;text-align…
  • Q8A firm faces diminishing returns if its
  • Q9Cross elasticity of demand can be Mathematically expressed as the
See all Economics 2013/2014 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