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Ajụjụ 2 Ripọtì
The correct relationship between income (Y), consumption (C) and savings (S) is
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Ajụjụ 3 Ripọtì
In a given set of data, if the variance is 25, what is the standard deviation?
Ajụjụ 4 Ripọtì
Labour force simply means the
Ajụjụ 8 Ripọtì
The unit for measuring changes in prices and output is called ………………. index
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Ajụjụ 11 Ripọtì
Which of the following hinder(s) effective distribution of goods in Nigeria?
Ajụjụ 12 Ripọtì
When the value of a country’s export exceeds her imports, there will be a
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Ajụjụ 15 Ripọtì
The following are the differences between domestic and international trade EXCEPT
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Ajụjụ 17 Ripọtì
A firm is said to be a public joint-stock company when it
Ajụjụ 20 Ripọtì
Oil was first discovered in commercial quantity in ……….. State.
Ajụjụ 24 Ripọtì
When the demand for foreign exchange exceeds its supply, the value of the domestic currency
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Ajụjụ 25 Ripọtì
The additional satisfaction derived from the consumption of one more unit of a good is called
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Ajụjụ 29 Ripọtì
Which of the following is NOT an advantage of tabular presentation of data?
Ajụjụ 30 Ripọtì
Which of these factors causes a change in the quantity demanded of a commodity?
Ajụjụ 31 Ripọtì
One of the positive contributions of the petroleum industry to Nigeria’s economic development is that it
Ajụjụ 33 Ripọtì
The mean of the following scores
30, 32, 34, 36, 38, 40 and 42
What is the mean deviation?
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Ajụjụ 35 Ripọtì
Price elasticity of supply measures the responsiveness of quantity supplied to
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Ajụjụ 38 Ripọtì
The price and quantity of crude oil and petrol sold to other countries by Nigeria is fixed by the
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Ajụjụ 39 Ripọtì
Which of the following is a determinant of elasticity of supply?
Ajụjụ 44 Ripọtì
Which of the following is a form of business enterprise?
Ajụjụ 45 Ripọtì
One of the roles of industrialization in economic development of Nigeria is
Ajụjụ 46 Ripọtì
The demand curve of a perfect competitive market is infinitely elastic indicating that the firm can
Ajụjụ 47 Ripọtì
The process of building up country’s capacity to process raw materials for the production of goods is known as
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