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Ajụjụ 1 Ripọtì
The system of farming which involves the use of a large hectare of land planted with economic crops is known as
Ajụjụ 2 Ripọtì
When an increase in the price of a commodity lead to a fall In the demand for aNOTher, the demand for the two commodities are said to be
Akọwa Nkọwa
Ajụjụ 4 Ripọtì
Range is NOT the best method of measuring dispersion because it considers only the
Ajụjụ 6 Ripọtì
The following can be used to improve a country’s balance of payment EXCEPT
Akọwa Nkọwa
Ajụjụ 7 Ripọtì
The satisfaction derived from Die consumption of a commodity is referred o as
Ajụjụ 10 Ripọtì
If the standard deviation of a set of numbers is 3.6, what is the variance?
Ajụjụ 11 Ripọtì
An industry operating in a perfect competitive market situation will maximum profit when
Akọwa Nkọwa
Ajụjụ 12 Ripọtì
Which of the following is the correct order in the chain of distribution?
Akọwa Nkọwa
Ajụjụ 13 Ripọtì
If the population of a school is 600 and 60% are In JSS, how many students are in SSS?
Akọwa Nkọwa
Ajụjụ 15 Ripọtì
The following will occur when maximum price is fixed below the free market price EXCEPT that
Akọwa Nkọwa
Ajụjụ 16 Ripọtì
The demand for factors of production is said to be
Ajụjụ 18 Ripọtì
If two bags of rice were sold for N1,250 a mouth ago and two weeks later, the same amount was used to procure one bag. This simply means that the value of money is
Akọwa Nkọwa
Ajụjụ 19 Ripọtì
An industry engaged in the extraction of raw materials and its conversion into semi-finished goods is called industry.
Akọwa Nkọwa
Ajụjụ 20 Ripọtì
Which of the following is NOT included in-measuring the National income through the income approach?
Akọwa Nkọwa
Ajụjụ 21 Ripọtì
Economic problem arises as a result of
Ajụjụ 22 Ripọtì
Which of the following is NOT a major role of OPEC in production, and marketing of petroleum?
Akọwa Nkọwa
Ajụjụ 23 Ripọtì
Under perfect competition, a profit maximizing firm will hire labour up to the point where the last unit of labor adds
Ajụjụ 24 Ripọtì
Which of the following will NOT bring about an increase in Labour force?
Akọwa Nkọwa
Ajụjụ 25 Ripọtì
Stock exchange market deals with
Ajụjụ 27 Ripọtì
A business formation with a minimum of two and maximum of twenty persons is called
Akọwa Nkọwa
Ajụjụ 28 Ripọtì
Which of the following is NOT a positive contribution a petroleum to Nigeria economy?
Ajụjụ 31 Ripọtì
The following are rewards for factors of production EXCEPT
Ajụjụ 32 Ripọtì
The use of tax and expenditure policy to regulate the economy is known as
Akọwa Nkọwa
Ajụjụ 33 Ripọtì
Which of the following is NOT a function of the IMF?
Ajụjụ 35 Ripọtì
The trade-off between two commodities along the Production Possibility Curve (PPC) shows
Akọwa Nkọwa
Ajụjụ 36 Ripọtì
ECOWAS secretariat is located in
Ajụjụ 37 Ripọtì
A major characteristics of a firm operating at a long-run equilibrium position is that
Akọwa Nkọwa
Ajụjụ 38 Ripọtì
Which of the following is NOT a function of marketing boards in Nigeria?
Ajụjụ 39 Ripọtì
The following are the objectives of agricultural policies in Nigeria EXCEPT
Ajụjụ 43 Ripọtì
Which of the following is NOT associated with minimum price legislation?
Akọwa Nkọwa
Ajụjụ 44 Ripọtì
The recent revolution of Cassava from ordinary food crop to export crop will lead to
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