NECO SSCE - Economics - 2005 | Green Bridge CBT

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

constant

decreasing

fluctuating

increasing

proportional

Detalhes da Resposta

Read lesson note on Money And Inflation (WAEC)

Read lesson note on The Theory Of Consumer Behaviour (JAMB)

Money And Inflation

The Theory Of Consumer Behaviour

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Pergunta 31 Relatório

Which of the following is the correct order in the chain of distribution?

Consumer —> Distributor → Retailer → Producer

Producer → Consumer → Retailer → Wholesaler

Producer → Wholesaler → Retailer → Consumer

Retailer → Consumer → Producer → Wholesaler

Wholesaler → Retailer → Producer → Consume

Detalhes da Resposta

Read lesson note on Distributive Trade (WAEC)

Distributive Trade

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Pergunta 32 Relatório

Which of the following will NOT bring about an increase in Labour force?

Better medical services

Decrease in death rate

Emigration

Immigration

Increase in birth rate

Detalhes da Resposta

Read lesson note on Population And Labour Market (WAEC)

Read lesson note on Population (JAMB)

Population And Labour Market

Population

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Pergunta 33 Relatório

The following determine the level of consumption EXCEPT

expectation of price changes

level of income

savings

the rate of taxes paid

the political climate

Detalhes da Resposta

Read lesson note on Theory Of Consumer Behaviour (WAEC)

Read lesson note on Theory Of Production (WAEC)

Read lesson note on The Theory Of Demand (JAMB)

Theory Of Consumer Behaviour

Theory Of Production

The Theory Of Demand

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Pergunta 34 Relatório

Economic problem arises as a result of

choice

money cost

opportunity cost

scarcity

scale of preference

Detalhes da Resposta

Read lesson note on Economics As A Science (JAMB)

Economics As A Science

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Pergunta 35 Relatório

The variance of a given set of numbers is defined as the

absolute value of the standard deviation

square of the standard deviation

square root of the standard deviation

square of the mean deviation

square root of the mean deviation

Detalhes da Resposta

Read lesson note on Methods And Tools Of Economic Analysis (JAMB)

Read lesson note on The Theory Of Demand (JAMB)

Methods And Tools Of Economic Analysis

The Theory Of Demand

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Pergunta 36 Relatório

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

abnormal

competitive

composite

derived

joint

Detalhes da Resposta

Read lesson note on Theory Of Price Determination (WAEC)

Read lesson note on The Theory Of Demand (JAMB)

Theory Of Price Determination

The Theory Of Demand

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Pergunta 37 Relatório

The trade-off between two commodities along the Production Possibility Curve (PPC) shows

opportunity cost principle

scarcity principle

transferable output

unattainable combination

under utilization of resources

Detalhes da Resposta

Read lesson note on International Trade (JAMB)

Read lesson note on The Theory Of Production (JAMB)

International Trade

The Theory Of Production

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Pergunta 38 Relatório

The recent revolution of Cassava from ordinary food crop to export crop will lead to

decrease in price of cassava flour

decrease In production of cassava

decrease In production of local starch

increase In production of other crops

increase in the prices of cassava products

Detalhes da Resposta

Read lesson note on International Economic Organizations (JAMB)

Read lesson note on Money And Inflation (JAMB)

International Economic Organizations

Money And Inflation

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Pergunta 39 Relatório

Range is NOT the best method of measuring dispersion because it considers only the

first number

first two numbers

frequently occurred number

middle number

two extreme number

Detalhes da Resposta

Read lesson note on Methods And Tools Of Economic Analysis (JAMB)

Methods And Tools Of Economic Analysis

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Pergunta 40 Relatório

An industry operating in a perfect competitive market situation will maximum profit when

DD = SS

DD < SS

MC > AC

MC < AR

MC = MR

Detalhes da Resposta

Read lesson note on The Theory Of Supply (JAMB)

Read lesson note on The Theory Of Demand (JAMB)

Read lesson note on The Theory Of Price Determination (JAMB)

Read lesson note on Economics As A Science (JAMB)

The Theory Of Supply

The Theory Of Demand

The Theory Of Price Determination

Economics As A Science

Ver Resposta

Pergunta 41 Relatório

A major characteristics of a firm operating at a long-run equilibrium position is that

all costs can be varied

average variable cost is fixed

fixed cost can not be changed

marginal cost is fixed

only variable cost changes

Detalhes da Resposta

Read lesson note on The Theory Of Production (JAMB)

Read lesson note on Theory Of Costs (JAMB)

The Theory Of Production

Theory Of Costs

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Pergunta 42 Relatório

ECOWAS secretariat is located in

Abuja, Nigeria

Accra, Ghana

Conakry, Guinea

Freetown, Sierra Leone

Monrovia, Liberia V

Detalhes da Resposta

Read lesson note on International Economic Organizations (JAMB)

International Economic Organizations

Ver Resposta

Pergunta 43 Relatório

Which of the following is NOT a major role of OPEC in production, and marketing of petroleum?

Coordinating and unifying petroleum policies of member countries

Ensuring efficient and regular supply of oil to the two market

Raising the revenue of member countries from oil through price increase

Refining of petroleum products in member countries

Stabilizing oil prices putting a production ceiling

Detalhes da Resposta

Read lesson note on Petroleum And The Nigerian Economy (JAMB)

Read lesson note on Money And Inflation (JAMB)

Petroleum And The Nigerian Economy

Money And Inflation

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Pergunta 44 Relatório

Which of the following is NOT a positive contribution a petroleum to Nigeria economy?

Development of bat infrastructures

Increase in National income

Major employer of labour

Major foreign exchange earned

Turning the nation to mono-product economy

Detalhes da Resposta

Read lesson note on Petroleum And The Nigerian Economy (JAMB)

Petroleum And The Nigerian Economy

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Pergunta 45 Relatório

The problem of “how to produce” in any economy is solved by

adopting the least cost method of production

combining capital and labour intensive methods of production

employing the services of a manager

using capital intensive method of production

using labour intensive method of production

Detalhes da Resposta

Read lesson note on Theory Of Production (WAEC)

Read lesson note on Market Structures (WAEC)

Theory Of Production

Market Structures

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