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Question 1 Report
Which of the following is NOT a function of the wholesaler in the distributive channel?
Question 2 Report
The introduction of money into the economy has helped to resolve the following problems EXCEPT
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Question 3 Report
A development planning which takes a long range view of the economy and covers a period of 10-20 years is regarded as
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Question 4 Report
A business organization set up for the mutual benefits of member with similar interest is known as
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Question 6 Report
Individuals who buy new shares in anticipation of reselling at higher prices in the stock exchange market are called
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Question 7 Report
In international trade, when payments of a country are higher than the receipts, then the balance of payment is
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Question 8 Report
The desire to hold cash balances in order to meet expenditures which arises due to unforeseen circumstances is
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Question 9 Report
To an individual, the term cost will include expenditure on the following EXCEPT
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Question 10 Report
A firm with a total of 54 employees produced 108 tonnes of toilet tissues in 3months. What is the average production per employee?
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Question 11 Report
The unit of satisfaction dived from the consumption of an additional unit of a commodity is known as
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Question 12 Report
An inflation which occurs as a result of increase in production cost is known as
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Question 16 Report
Which of the following factors will NOT affect supply of maize in Nigeria?
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Question 17 Report
When a change in the demand for commodity A leads to a change in demand for commodity B in the same direction, demand for A & B is
Question 18 Report
Which of the following is NOT a problem of population census in Nigeria?
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Question 20 Report
The decision of whether to use labour or capital intensive techniques in production process is a problem of
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Question 21 Report
The excess profit made by a firm in a competitive market situation in the short-term is known as
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Question 22 Report
All the following are the objectives of economic planning EXCEPT to
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Question 23 Report
The main differences between money market and capital market is that money markets
Question 29 Report
The assumptions of the principles of comparative cost advantage is based on
I. Absence of Trade Restrictions
II. No transport costs
III. Constant technology
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Question 30 Report
Which of the following will NOT be a barrier to international trade?
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Question 31 Report
The types of unemployment that evolved the use of machines to replaces human labour is known as
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Question 32 Report
The amount of money required for the day-to-day running of a business is known as
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Question 34 Report
The basic economics problem of what to produce arises as a result of
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Question 35 Report
A negative effect of the discovery of petroleum on the Nigerian economy is
Question 37 Report
Which of the following is NOT a factor to be considered in siting an industry in a particular area?
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Question 38 Report
In a socialist economic system, decisions relating to the fundamental economic problems are taken by
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Question 39 Report
The following are the main problems of distribution of essential commodities in Nigeria EXCEPT
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