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Tambaya 1 Rahoto
The decision of whether to use labour or capital intensive techniques in production process is a problem of
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Tambaya 2 Rahoto
A business organization set up for the mutual benefits of member with similar interest is known as
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Tambaya 4 Rahoto
The main industrial cities in Nigeria are
Tambaya 5 Rahoto
Individuals who buy new shares in anticipation of reselling at higher prices in the stock exchange market are called
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Tambaya 7 Rahoto
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
Tambaya 8 Rahoto
The unit of satisfaction dived from the consumption of an additional unit of a commodity is known as
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Tambaya 9 Rahoto
In international trade, when payments of a country are higher than the receipts, then the balance of payment is
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Tambaya 11 Rahoto
The excess profit made by a firm in a competitive market situation in the short-term is known as
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Tambaya 12 Rahoto
The amount of money required for the day-to-day running of a business is known as
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Tambaya 15 Rahoto
Which of the following is NOT a problem of population census in Nigeria?
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Tambaya 18 Rahoto
Which of the following is NOT a factor to be considered in siting an industry in a particular area?
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Tambaya 19 Rahoto
To an individual, the term cost will include expenditure on the following EXCEPT
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Tambaya 20 Rahoto
In a socialist economic system, decisions relating to the fundamental economic problems are taken by
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Tambaya 22 Rahoto
The most generally accepted definition of Economics was given by
Tambaya 24 Rahoto
A negative effect of the discovery of petroleum on the Nigerian economy is
Tambaya 25 Rahoto
An inflation which occurs as a result of increase in production cost is known as
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Tambaya 26 Rahoto
All the following are the objectives of economic planning EXCEPT to
Tambaya 27 Rahoto
Which of the following is NOT a function of the wholesaler in the distributive channel?
Tambaya 28 Rahoto
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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Tambaya 29 Rahoto
The following are the main problems of distribution of essential commodities in Nigeria EXCEPT
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Tambaya 30 Rahoto
The introduction of money into the economy has helped to resolve the following problems EXCEPT
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Tambaya 32 Rahoto
The types of unemployment that evolved the use of machines to replaces human labour is known as
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Tambaya 33 Rahoto
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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Tambaya 35 Rahoto
A development planning which takes a long range view of the economy and covers a period of 10-20 years is regarded as
Tambaya 36 Rahoto
Which of the following factors will NOT affect supply of maize in Nigeria?
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Tambaya 37 Rahoto
The main differences between money market and capital market is that money markets
Tambaya 38 Rahoto
The desire to hold cash balances in order to meet expenditures which arises due to unforeseen circumstances is
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