NECO SSCE - Economics - 2005 (Objective)

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 Resposta correta

fluctuating

increasing

proportional

Detalhes da Resposta

Ler a nota de aula em Money And Inflation (WAEC)

Ler a nota de aula em The Theory Of Consumer Behaviour (JAMB)

Money And Inflation

The Theory Of Consumer Behaviour

Ver Resposta

Pergunta 28 Relatório

The formular (N + 1)/2 is used to determine the

mean

median Resposta correta

mode

standard deviation

mean deviation

Detalhes da Resposta

Ler a nota de aula em The Theory Of Demand (JAMB)

Ler a nota de aula em Economics As A Science (JAMB)

The Theory Of Demand

Economics As A Science

Ver Resposta

Pergunta 29 Relatório

Which of the following is NOT a function of the IMF?

assisting member countries in printing and issuing their currency Resposta correta

Exchange rate stabilization

Promoting international monetary cooperation

Providing financial aid to members experiencing balance of payment difficulties

Serving as a clearing house f member countries

Detalhes da Resposta

Ler a nota de aula em International Economic Organizations (WAEC)

International Economic Organizations

Ver Resposta

Pergunta 30 Relatório

Persistent fail In the general price level Is known as

deflation Resposta correta

devaluation

general price Increase

inflation

price index

Detalhes da Resposta

Ler a nota de aula em Economics As A Science (JAMB)

Ler a nota de aula em Agriculture In Nigeria (JAMB)

Economics As A Science

Agriculture In Nigeria

Ver Resposta

Pergunta 31 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 Resposta correta

Stabilizing oil prices putting a production ceiling

Detalhes da Resposta

Ler a nota de aula em Petroleum And The Nigerian Economy (JAMB)

Ler a nota de aula em Money And Inflation (JAMB)

Petroleum And The Nigerian Economy

Money And Inflation

Ver Resposta

Pergunta 32 Relatório

At the equilibrium price,

demand is greater than supply

demand equates supply Resposta correta

demand is less than supply

price is equal to demand only

price is equal to supply only

Detalhes da Resposta

Ler a nota de aula em The Theory Of Price Determination (JAMB)

Ler a nota de aula em Economics As A Science (JAMB)

The Theory Of Price Determination

Economics As A Science

Ver Resposta

Pergunta 33 Relatório

Which of the following is NOT included in-measuring the National income through the income approach?

Allowance given to an aged mother by a civil servant Resposta correta

Income earned by a bricklayer

Profit earned by Nigerian bottling company plc

profit earned by NITEL plc

Salary earned by a doctor

Detalhes da Resposta

Ler a nota de aula em National Income (WAEC)

National Income

Ver Resposta

Pergunta 34 Relatório

The satisfaction derived from Die consumption of a commodity is referred o as

consumption

demand

production

utility Resposta correta

utilization

Detalhes da Resposta

Ler a nota de aula em Theory Of Consumer Behaviour (WAEC)

Theory Of Consumer Behaviour

Ver Resposta

Pergunta 35 Relatório

An industry engaged in the extraction of raw materials and its conversion into semi-finished goods is called industry.

construction

conversion

manufacturing Resposta correta

mining

processing

Detalhes da Resposta

Ler a nota de aula em Agriculture (WAEC)

Agriculture

Ver Resposta

Pergunta 36 Relatório

Production is said to be complete when goods and services gets to the

consumers Resposta correta

distributors

retailers

warehouses

wholesalers

Detalhes da Resposta

Ler a nota de aula em The Theory Of Production (JAMB)

Ler a nota de aula em Business Organizations (JAMB)

The Theory Of Production

Business Organizations

Ver Resposta

Pergunta 37 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 Resposta correta

Detalhes da Resposta

Ler a nota de aula em Theory Of Consumer Behaviour (WAEC)

Ler a nota de aula em Theory Of Production (WAEC)

Ler a nota de aula em The Theory Of Demand (JAMB)

Theory Of Consumer Behaviour

Theory Of Production

The Theory Of Demand

Ver Resposta

Pergunta 38 Relatório

Under perfect competition, a profit maximizing firm will hire labour up to the point where the last unit of labor adds

as much to TR as to TC

less to TR as to TC

less to TC than to TR

more to TC than to TR

more to TR than to T Resposta correta

Detalhes da Resposta

Ler a nota de aula em The Theory Of Production (JAMB)

The Theory Of Production

Ver Resposta

Pergunta 39 Relatório

Economic problem arises as a result of

choice

money cost

opportunity cost

scarcity Resposta correta

scale of preference

Detalhes da Resposta

Ler a nota de aula em Economics As A Science (JAMB)

Economics As A Science

Ver Resposta

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 Resposta correta

Detalhes da Resposta

Ler a nota de aula em The Theory Of Supply (JAMB)

Ler a nota de aula em The Theory Of Demand (JAMB)

Ler a nota de aula em The Theory Of Price Determination (JAMB)

Ler a nota de aula em 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

ECOWAS secretariat is located in

Abuja, Nigeria Resposta correta

Accra, Ghana

Conakry, Guinea

Freetown, Sierra Leone

Monrovia, Liberia V

Detalhes da Resposta

Ler a nota de aula em International Economic Organizations (JAMB)

International Economic Organizations

Ver Resposta

Pergunta 42 Relatório

The demand for factors of production is said to be

competitive

complementary

composite

derived Resposta correta

joint

Detalhes da Resposta

Ler a nota de aula em Factors Of Production (WAEC)

Factors Of Production

Ver Resposta

Pergunta 43 Relatório

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

absolute value of the standard deviation

square of the standard deviation Resposta correta

square root of the standard deviation

square of the mean deviation

square root of the mean deviation

Detalhes da Resposta

Ler a nota de aula em Methods And Tools Of Economic Analysis (JAMB)

Ler a nota de aula em The Theory Of Demand (JAMB)

Methods And Tools Of Economic Analysis

The Theory Of Demand

Ver Resposta

Pergunta 44 Relatório

The following are problems of development planning in Nigeria EXCEPT

death of skilled manpower

inadequate capital

inadequate statistical data

poor implementation of economic planning

under-population Resposta correta

Detalhes da Resposta

Ler a nota de aula em Public Finance (WAEC)

Ler a nota de aula em Economic Development And Planning (WAEC)

Public Finance

Economic Development And Planning

Ver Resposta

Pergunta 45 Relatório

In the equation Q = a - bp + e; Q and P are .... Variables respectively.

constant and dependent

dependent and independent

error term and independent

independent and constant

independent and dependent Resposta correta

Detalhes da Resposta

Ler a nota de aula em The Theory Of Production (JAMB)

Ler a nota de aula em Theory Of Price Determination (WAEC)

The Theory Of Production

Theory Of Price Determination

Ver Resposta






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