NECO SSCE - Economics - 2002 (Objective)

If the prices of a commodity increases from N8.00 to N10.00 and the demand decreases from 100 to 80 respectively, what is the price elasticity of demand for the commodity?

0.5

0.8 Juist antwoord

1.5

1.8

Antwoorddetails

Lees lesnotitie op The Theory Of Demand (JAMB)

Lees lesnotitie op The Theory Of Price Determination (JAMB)

The Theory Of Demand

The Theory Of Price Determination

Bekijk antwoord

Vraag 31 Verslag

The following are type of business organization EXCEPT

co-operative society

Entrepreneurship Juist antwoord

partnership

public corporation

Sole proprietorship

Antwoorddetails

Lees lesnotitie op Business Organizations (WAEC)

Business Organizations

Bekijk antwoord

Vraag 32 Verslag

Which of the folowing NOT among the objectives of OPEC?

to stabilize the revenue from oil to producing countries

to stabilize the price of iol in the world market Juist antwoord

to make sure that oil flows to all the consuming countries

to estabilished petroleum refineries in all member state

to co-ordinate and harmonize the oil policies of member countries

Antwoorddetails

Lees lesnotitie op International Economic Organizations (JAMB)

International Economic Organizations

Bekijk antwoord

Vraag 33 Verslag

Long-run in economic mean a period of time in which

all factor inputs are not being used

all factor inputs are variable Juist antwoord

all factor inputs are fixed

only few factor inputs are variable

firms are not producing at all

Antwoorddetails

Lees lesnotitie op Factors Of Production And Their Theories (JAMB)

Lees lesnotitie op The Theory Of Production (JAMB)

Lees lesnotitie op Factors Of Production (WAEC)

Factors Of Production And Their Theories

The Theory Of Production

Factors Of Production

Bekijk antwoord

Vraag 34 Verslag

In a two-sector economy, income is a function of

consumption + investment Juist antwoord

consumption + investment + tax

consumption + investment + expenditure

consumption + exports + imports

saving + investment

Antwoorddetails

Lees lesnotitie op Public Finance (JAMB)

Lees lesnotitie op The Theory Of Demand (JAMB)

Public Finance

The Theory Of Demand

Bekijk antwoord

Vraag 35 Verslag

Which of the following is NOT a factor that brings about changes in demand?

a change in real income

government policy Juist antwoord

increase in population

the price of the good or service

taste and fashion

Antwoorddetails

Lees lesnotitie op The Theory Of Demand (JAMB)

The Theory Of Demand

Bekijk antwoord

Vraag 36 Verslag

When an economy is having a balance of payment surplus the best alternative opened to it is to

borrow from abroad

devalue its currency

increase its foreign reserve Juist antwoord

promote imports into the country

sell out its foreign assets

Antwoorddetails

Bekijk antwoord

Vraag 37 Verslag

What is the median term in the distribution below ;14, 13 29 ,15 ,13,17 ,12,

14 Juist antwoord

Antwoorddetails

Bekijk antwoord

Vraag 38 Verslag

Which of the following is NOT a feature of capitalism ?

detailed economics planning Juist antwoord

Free enterprise

competition

private ownership of property

Entrepreneurs and the pursuit of profit

Antwoorddetails

Lees lesnotitie op Economic Systems (JAMB)

Economic Systems

Bekijk antwoord

Vraag 39 Verslag

A market situation with few sellers and many buyers is called

monopoly

duopoly

oligopoly Juist antwoord

perfect competition

monopsony

Antwoorddetails

Lees lesnotitie op Factors Of Production And Their Theories (JAMB)

Lees lesnotitie op Market Structures (WAEC)

Lees lesnotitie op Market Structure (JAMB)

Factors Of Production And Their Theories

Market Structures

Market Structure

Bekijk antwoord

Vraag 40 Verslag

If commodities A & B are jointly demanded, what will be the effect of an increase in the price of A on the demand for commodity B?

decrease in demand for commodity B Juist antwoord

decrease in price of commodity B

demand for commodity B remain constant

increase in demand for commodity B

increase in the price of commodity B

Antwoorddetails

Lees lesnotitie op The Theory Of Demand (JAMB)

Lees lesnotitie op Demand (WAEC)

The Theory Of Demand

Demand

Bekijk antwoord

Vraag 41 Verslag

Which of the following measure will NOT serves as a control during inflation period?

increase in personal income tax

increase in bank rate and interest

increase in government capital expenditure Juist antwoord

reduction in money supply

reduction in government recurrent expenditure

Antwoorddetails

Lees lesnotitie op Money And Inflation (WAEC)

Lees lesnotitie op Public Finance (WAEC)

Money And Inflation

Public Finance

Bekijk antwoord

Vraag 42 Verslag

The willingness of an individual backed up with purchasing power at a given time is

demand

desire

effective demand Juist antwoord

utility

want

Antwoorddetails

Lees lesnotitie op Demand (WAEC)

Lees lesnotitie op Economics As A Science (JAMB)

Demand

Economics As A Science

Bekijk antwoord

Vraag 43 Verslag

The demand for labour in an economy is a depiction of

competitive demand

Composite demand

Complementary demand

Deductive demand

derived demand Juist antwoord

Antwoorddetails

Lees lesnotitie op The Theory Of Demand (JAMB)

The Theory Of Demand

Bekijk antwoord

Vraag 44 Verslag

The bank established to finances project aimed at promoting economic and social development within the African continent is

African bank for commerce and industry

African development bank Juist antwoord

economic bank for African

recovery fund bank for Africa

Africa currency board bank

Antwoorddetails

Lees lesnotitie op Economic Development And Planning (WAEC)

Economic Development And Planning

Bekijk antwoord






Druk & Houd Vast om te Verslepen
Klik hier om te sluiten