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Frage 1 Bericht
In international trade, when payments of a country are higher than the receipts, then the balance of payment is
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Frage 3 Bericht
The introduction of money into the economy has helped to resolve the following problems EXCEPT
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Frage 4 Bericht
The decision of whether to use labour or capital intensive techniques in production process is a problem of
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Frage 5 Bericht
Which of the following is NOT a factor to be considered in siting an industry in a particular area?
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Frage 6 Bericht
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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Frage 7 Bericht
The desire to hold cash balances in order to meet expenditures which arises due to unforeseen circumstances is
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Frage 10 Bericht
The unit of satisfaction dived from the consumption of an additional unit of a commodity is known as
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Frage 12 Bericht
The amount of money required for the day-to-day running of a business is known as
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Frage 13 Bericht
In a socialist economic system, decisions relating to the fundamental economic problems are taken by
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Frage 14 Bericht
A negative effect of the discovery of petroleum on the Nigerian economy is
Frage 15 Bericht
The types of unemployment that evolved the use of machines to replaces human labour is known as
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Frage 16 Bericht
The basic economics problem of what to produce arises as a result of
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Frage 17 Bericht
The excess profit made by a firm in a competitive market situation in the short-term is known as
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Frage 18 Bericht
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
Frage 21 Bericht
To an individual, the term cost will include expenditure on the following EXCEPT
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Frage 22 Bericht
An inflation which occurs as a result of increase in production cost is known as
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Frage 24 Bericht
A business organization set up for the mutual benefits of member with similar interest is known as
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Frage 27 Bericht
Which of the following is NOT a problem of population census in Nigeria?
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Frage 28 Bericht
Which of the following factors will NOT affect supply of maize in Nigeria?
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Frage 32 Bericht
Individuals who buy new shares in anticipation of reselling at higher prices in the stock exchange market are called
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Frage 33 Bericht
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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Frage 34 Bericht
Which of the following is NOT a function of the wholesaler in the distributive channel?
Frage 36 Bericht
Which of the following will NOT be a barrier to international trade?
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Frage 37 Bericht
The following are the main problems of distribution of essential commodities in Nigeria EXCEPT
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Frage 38 Bericht
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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Frage 39 Bericht
The main differences between money market and capital market is that money markets
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