Post-UTME Economics 2005 Objective Past Questions

All 1 questions from the Post-UTME Screening (Post-UTME) Economics 2005 Objective paper, with the correct answer and a full explanation for each. Free, no signup needed.

Economics 2005 Objective — Question 1

An economy where prices are determined by the market forces of demand and supply is

A. deregulation economyCorrect
B. command economy
C. central planned economy
D. regulated economy

Explanation

A market/deregulated economy is one where prices are set freely by demand and supply, without government control.

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