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Question 2

The following are features of a free market economy except

  • A.Private ownership of properties
  • B.Existence of competition
  • C.High level of profit maximization by private investors
  • D.Joint decision making by the citizens in a society
Objective

Question details

Exam body
ABU
Subject
Economics
Year
2018/2019
Question no.
#2
Type
Objective
Previous · Q1Suppose a consumer's income increases from N30,000 to N36,000. As a result, the… Next · Q3 A rational consumer, does not:

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