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Pregunta 1 Informe
A deliberate government policy to exclude foreign participation in certain economic activity is known as
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Pregunta 3 Informe
If the Income flow of a country exceeds the expenditure flow in international transactions, the balance of payment is
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Pregunta 4 Informe
The difference between Gross National Income and Gross Domestic Product is known as
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Pregunta 6 Informe
A comprehensive statement of Income and expenditure on international accounts for one financial year is called
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Pregunta 7 Informe
The solution to problem of how to produce in a capitalist economy is solved by
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Pregunta 8 Informe
Which of these is NOT a bottle neck In the distribution of goods In Nigeria?
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Pregunta 9 Informe
Goods that are useful, scarce and can command price are called …………. goods.
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Pregunta 10 Informe
Which of the following is NOT a contribution of agriculture to industrial development?
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Pregunta 11 Informe
The following methods are used in calculation of National Income EXCEPT
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Pregunta 12 Informe
A change in National Income brought about by a given change in investment Is
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Pregunta 13 Informe
Standard deviation can be determined by the square root of the
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Pregunta 15 Informe
If total Income is N15m and total consumption Is N3m. then the average propensity to consume is
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Pregunta 16 Informe
The creation of physical and concrete goods that can be seen and handled Is
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Pregunta 19 Informe
The Industrial strategy of producing locally those goods that could have been imported is known as
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Pregunta 22 Informe
Which of the following Is NOT a function of Merchant Bank
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Pregunta 23 Informe
which of the following measures can be used to control inflation?
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Pregunta 24 Informe
The African Development Bank was set up in 1964 and has its headquarters in
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Pregunta 25 Informe
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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Pregunta 26 Informe
The difference between bar charts and histograms is that the former
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Pregunta 27 Informe
A tax system in which the income earner pays a fixed percentage of his income annually is known as …………. tax.
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Pregunta 28 Informe
Which of the following is NOT an advantage of localization of industry?
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Pregunta 31 Informe
Plantation farming can best be defined as cultivation of
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Pregunta 33 Informe
Which of the following goods are NOT examples of joint supply?
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Pregunta 34 Informe
At the point where total utility begins to decline MU is
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Pregunta 36 Informe
Unemployment resulting from physical or mental deficiency is known as……………unemployment.
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Pregunta 37 Informe
The following are the objectives of economic planning EXCEPT
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Pregunta 38 Informe
If the price Index of export is 140% and import is 200%, what is
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Pregunta 39 Informe
Find the arithmetic mean of the following set of scores 12, 4, 2, 8, and 14
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Pregunta 40 Informe
Agricultural production in Nigeria could be improved through
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Pregunta 41 Informe
Which of the following is an advantage of free enterprise economy?
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Pregunta 42 Informe
The following are advantages of standard deviation EXCEPT that it
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Pregunta 46 Informe
Which of the following is a disadvantage of sole proprietorship?
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