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Ajụjụ 3 Ripọtì
Which of the following is NOT a component of agriculture?
Ajụjụ 4 Ripọtì
The aim of indigenization policy was to
Ajụjụ 6 Ripọtì
Using functional relationship in economics QX = f (px, po, y, T); po stand for
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Ajụjụ 8 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 13 Ripọtì
The most generally accepted definition of economics is
Ajụjụ 15 Ripọtì
Which of these is NOT a basic economic problem of society?
Ajụjụ 18 Ripọtì
Which of the following is NOT a reason for the absence of an industry in the rural areas?
Ajụjụ 21 Ripọtì
The demand for a commodity for the sake of what it will yield is
Ajụjụ 23 Ripọtì
According to the theory of comparative advantages, countries are to specialize based on their
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Ajụjụ 26 Ripọtì
The professional that view cost in term of alternatives sacrificed is the
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Ajụjụ 29 Ripọtì
Economic growth is the
Ajụjụ 34 Ripọtì
For a monopolist, the demand curve is
Ajụjụ 37 Ripọtì
A tax system which takes lesser percentage of a tax payers income as his income increase is known as
Ajụjụ 40 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
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Ajụjụ 42 Ripọtì
The first commercial oil well in Nigeria was discovered in
Ajụjụ 43 Ripọtì
Which of the following is a characteristic of private enterprises?
Ajụjụ 45 Ripọtì
A shift of the demand curve leftward from its original position indicate
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Ajụjụ 46 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 49 Ripọtì
In economics, electricity, water supply, communication networks, road, etc are known as
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