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Ajụjụ 3 Ripọtì
The professional that view cost in term of alternatives sacrificed is the
Akọwa Nkọwa
Ajụjụ 4 Ripọtì
According to the theory of comparative advantages, countries are to specialize based on their
Akọwa Nkọwa
Ajụjụ 12 Ripọtì
Which of the following is a characteristic of private enterprises?
Ajụjụ 14 Ripọtì
A shift of the demand curve leftward from its original position indicate
Akọwa Nkọwa
Ajụjụ 15 Ripọtì
Which of the following is NOT a component of agriculture?
Ajụjụ 17 Ripọtì
An economic system where both the public and individuals own and control means of production is known as ……… system
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Ajụjụ 18 Ripọtì
In economics, electricity, water supply, communication networks, road, etc are known as
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Ajụjụ 21 Ripọtì
Which of the following is NOT a reason for the absence of an industry in the rural areas?
Ajụjụ 22 Ripọtì
Abdul is faced with a choice between buying a new NOTE book and a pen with N10. Since the N10 can NOT give him both items he decide to buy NOTE book. The money cost to him is
Akọwa Nkọwa
Ajụjụ 23 Ripọtì
The most generally accepted definition of economics is
Ajụjụ 27 Ripọtì
The demand for a commodity for the sake of what it will yield is
Ajụjụ 28 Ripọtì
The first commercial oil well in Nigeria was discovered in
Ajụjụ 34 Ripọtì
For a monopolist, the demand curve is
Ajụjụ 36 Ripọtì
Which of these is NOT a basic economic problem of society?
Ajụjụ 39 Ripọtì
The law of variable proportion state that if the quantities of variable factor of production are used with fixed factor, after a certain point,
Ajụjụ 43 Ripọtì
The aim of indigenization policy was to
Ajụjụ 44 Ripọtì
A tax system which takes lesser percentage of a tax payers income as his income increase is known as
Ajụjụ 45 Ripọtì
Using functional relationship in economics QX = f (px, po, y, T); po stand for
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Ajụjụ 47 Ripọtì
Economic growth is the
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