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Vraag 4 Verslag
The satisfaction derived from Die consumption of a commodity is referred o as
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Vraag 5 Verslag
A business formation with a minimum of two and maximum of twenty persons is called
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Vraag 6 Verslag
An industry engaged in the extraction of raw materials and its conversion into semi-finished goods is called industry.
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Vraag 8 Verslag
Which of the following is NOT a positive contribution a petroleum to Nigeria economy?
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Vraag 9 Verslag
The recent revolution of Cassava from ordinary food crop to export crop will lead to
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Vraag 11 Verslag
The following are problems of development planning in Nigeria EXCEPT
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Vraag 12 Verslag
An economy in which decision of what to produce is taken partly by private individuals and state is referred to as Economy.
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Vraag 17 Verslag
A major characteristics of a firm operating at a long-run equilibrium position is that
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Vraag 18 Verslag
Which of the following is NOT a function of marketing boards in Nigeria?
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Vraag 19 Verslag
Which of the following is NOT included in-measuring the National income through the income approach?
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Vraag 20 Verslag
Which of the following is the correct order in the chain of distribution?
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Vraag 21 Verslag
If the population of a school is 600 and 60% are In JSS, how many students are in SSS?
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Vraag 22 Verslag
The use of tax and expenditure policy to regulate the economy is known as
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Vraag 23 Verslag
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
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Vraag 24 Verslag
Range is NOT the best method of measuring dispersion because it considers only the
Vraag 25 Verslag
In the equation Q = a - bp + e; Q and P are .... Variables respectively.
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Vraag 26 Verslag
Which of the following will NOT bring about an increase in Labour force?
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Vraag 29 Verslag
The following will occur when maximum price is fixed below the free market price EXCEPT that
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Vraag 30 Verslag
Under perfect competition, a profit maximizing firm will hire labour up to the point where the last unit of labor adds
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Vraag 31 Verslag
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
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Vraag 32 Verslag
Which of the following is NOT associated with minimum price legislation?
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Vraag 33 Verslag
When the total product starts falling, then the marginal product is
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Vraag 34 Verslag
Production is said to be complete when goods and services gets to the
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Vraag 35 Verslag
Which of the following is a disadvantage of localization of industries?
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Vraag 36 Verslag
Which of the following is NOT a major role of OPEC in production, and marketing of petroleum?
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Vraag 37 Verslag
The following can be used to improve a country’s balance of payment EXCEPT
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Vraag 38 Verslag
If the standard deviation of a set of numbers is 3.6, what is the variance?
Vraag 40 Verslag
The following are rewards for factors of production EXCEPT
Vraag 41 Verslag
The trade-off between two commodities along the Production Possibility Curve (PPC) shows
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Vraag 42 Verslag
Stock exchange market deals with
Vraag 43 Verslag
The system of farming which involves the use of a large hectare of land planted with economic crops is known as
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Vraag 44 Verslag
An industry operating in a perfect competitive market situation will maximum profit when
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Vraag 45 Verslag
The following are the objectives of agricultural policies in Nigeria EXCEPT
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