Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. FUTA
  4. /
  5. Economics
  6. /
  7. 2020/2021 Model 1
  8. /
  9. Q7
Question 7

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
2020/2021 Model 1
Question no.
#7
Type
Objective
Previous · Q6The total money in circulation includes cash Next · Q8 The organization which provide credits to help countries achieve short term…

More from this paper

  • Q3The primary function of non-financial institutions is to
  • Q4The difference between payments and receipts for visible trade is called
  • Q5Which of these is the real cost of satisfying any want in the sense that has to…
  • Q9If the cost of production for a firm continues to increase as its output rises…
  • Q10The shape of a production probability frontier is determined by the
  • Q11Efficiency of labor is enhanced by
See all Economics 2020/2021 Model 1 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