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Question 1 Report
Which of the following is an external economy derived by a firm?
Question 2 Report
Which of the following is NOT a goal of modern budgets?
Question 4 Report
Under normal circumstances the concept of consumers sovereignty implies that
Question 5 Report
The most important economic characteristic differentiating commercial banks from other financial institutions is their?
Question 6 Report
Given that the cash reserve ratio is 10 percent, what is the maximum amount of that the banking system can create from an initial cash deposit of N1,000.00?
Question 8 Report
A monopolist will practice price discrimination in two markets if?
Question 9 Report
Use the table below to answer the question below:
Market Demand Schedule for Commodity X:
If the price of commodity X falls from N40.00 to N30.00 what is the price elasticity of demand?
Question 10 Report
Which of the following causes of inflation is related to demand-pull inflation?
Question 11 Report
A firm is at its optimum size when?
Question 12 Report
Deflation is a persistent fall in the general price level and is usually caused by?
Question 13 Report
One major difference between monopoly and perfect competition is that?
Question 15 Report
Which of the following is used by the Central Bank to control the rate of interest?
Question 16 Report
Tax incidence is the analysis of?
Question 17 Report
To control inflation, the monetary authorities of a country can?
Question 18 Report
In the normal channels of distribution the breaking of bulk is performed by the
Question 19 Report
The term of trade often measured by the ratio of the index of export
Question 20 Report
A society which forgoes present consumption
Question 21 Report
A firm achieves least cost in production by substituting factors until
Question 22 Report
ECOWAS will enable the countries involved to achieve
Question 23 Report
Production in Economics can be defined as the
Question 24 Report
One of the advantages of a partnership over a sole proprietorship is that?
Question 25 Report
The difference between the Gross Domestic Product and the Gross National Product is?
Question 26 Report
Balance of payment deficit in Nigeria CANNOT be solved by
Question 27 Report
The revenue accruing to the seller of commodity X as a result of a fall in price will
Question 28 Report
In international trade, a country specializes in the production of a commodity or group of commodities for which it has?
Question 29 Report
An nation's distribution of income shows?
Question 30 Report
In drawing an individual's demand curve for a commodity, which of the following is not kept constant? The
Question 32 Report
Which of the following strategies will provide more employment opportunities for Nigerians?
Question 34 Report
Which of the following is a characteristic of private limited liability company?
Question 35 Report
The most important advantage of co-operative societies is?
Question 37 Report
Mobility of labour is NOT affected by
Question 38 Report
Which of the following is an important function of prices in a market economy?
Question 39 Report
The best technical description of a progressive tax is a?
Question 40 Report
If a person receives a higher wage than would be necessary to induce him to work, he is said to be receiving
Question 41 Report
Which of the following statements describes a mixed economy?
Question 43 Report
Which of the following methods is most likely to lead an economy?
Question 44 Report
A producer sustains a loss in the short run if
Question 45 Report
What fundamentally determines how much a consumer spends in a producer's shop?
Question 46 Report
Which of these is the real cost of satisfying any want in the sense of the alternative that has to be foregone?
Question 47 Report
A country has a population distribution as shown below:
The dependency ratio is
Question 48 Report
Which of the following advantages of localization of industries may also be a disadvantage?
Question 49 Report
Choice in economic life is necessitated by?
Question 50 Report
Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?
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