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Question 1 Report
The Industrial strategy of producing locally those goods that could have been imported is known as
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Question 2 Report
Goods that are useful, scarce and can command price are called …………. goods.
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Question 3 Report
If total Income is N15m and total consumption Is N3m. then the average propensity to consume is
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Question 5 Report
The creation of physical and concrete goods that can be seen and handled Is
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Question 6 Report
Standard deviation can be determined by the square root of the
Question 8 Report
Which of the following is NOT a feature of land?
Question 10 Report
Which of the following is NOT an advantage of localization of industry?
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Question 11 Report
Which of the following is NOT a contribution of agriculture to industrial development?
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Question 12 Report
A deliberate government policy to exclude foreign participation in certain economic activity is known as
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Question 15 Report
Which of these is NOT a bottle neck In the distribution of goods In Nigeria?
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Question 17 Report
A change in National Income brought about by a given change in investment Is
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Question 20 Report
The difference between bar charts and histograms is that the former
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Question 21 Report
The solution to problem of how to produce in a capitalist economy is solved by
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Question 26 Report
The difference between Gross National Income and Gross Domestic Product is known as
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Question 27 Report
A comprehensive statement of Income and expenditure on international accounts for one financial year is called
Question 32 Report
A tax system in which the rich pay a higher percentage of income as tax than the poor is known as
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Question 33 Report
The African Development Bank was set up in 1964 and has its headquarters in
Question 34 Report
Find the arithmetic mean of the following set of scores 12, 4, 2, 8, and 14
Question 35 Report
The first oil refinery in Nigeria was established at
Question 37 Report
The following are bye-products of crude oil EXCEPT
Question 38 Report
A tax system in which the income earner pays a fixed percentage of his income annually is known as …………. tax.
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Question 39 Report
The following methods are used in calculation of National Income EXCEPT
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Question 41 Report
Unemployment resulting from physical or mental deficiency is known as……………unemployment.
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Question 44 Report
If the Income flow of a country exceeds the expenditure flow in international transactions, the balance of payment is
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Question 45 Report
Which of the following is an advantage of free enterprise economy?
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