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Ibeere 3 Ìròyìn
The willingness of an individual backed up with purchasing power at a given time is
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Ibeere 7 Ìròyìn
Disposable income in national income accounting is an income which
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Ibeere 10 Ìròyìn
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?
Ibeere 11 Ìròyìn
If government in a fiscal year has its revenue receipts less than the expenditure, such country is having
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Ibeere 12 Ìròyìn
The bank established to finances project aimed at promoting economic and social development within the African continent is
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Ibeere 14 Ìròyìn
A producer who can only influence the price of his product but canNOT determine the quantity to be sold is referred to as
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Ibeere 16 Ìròyìn
An economic system in which individual control the productive resources is known as
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Ibeere 17 Ìròyìn
In income determination theory, acceleration principles shows that
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Ibeere 18 Ìròyìn
The comparison of the standard of living between Nigeria and Ghana is best down through the use of
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Ibeere 20 Ìròyìn
The middle value of an array figure arranged in descending order is referred to as the
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Ibeere 21 Ìròyìn
One of the function of united nation conference on trade and development (UNTAD) is to
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Ibeere 22 Ìròyìn
Which of these is NOT associated with the problem of internal trade?
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Ibeere 23 Ìròyìn
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?
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Ibeere 24 Ìròyìn
The contribution of petroleum to the economy of nigerian is most prominent in the area of
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Ibeere 26 Ìròyìn
The act of cultivating land and rearing of animal for man’s use is
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Ibeere 31 Ìròyìn
To discourage the consumption of harmful commodities, government should tax such commodities if they have
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Ibeere 33 Ìròyìn
Which of the following measure will NOT serves as a control during inflation period?
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Ibeere 34 Ìròyìn
Government expenditure on universal basic education and subsidy on agriculture are aimed at
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Ibeere 35 Ìròyìn
Which of the following is NOT a factor that brings about changes in demand?
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Ibeere 40 Ìròyìn
If the consumer demand for product X increases, as the demand for product, Y increases then the goods X and Y are
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Ibeere 41 Ìròyìn
Which of the following factors will NOT account for an outward shift of production possibility curve?
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Ibeere 42 Ìròyìn
An economic system in which the decision on what and how to produce is determined by the individual is called
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Ibeere 43 Ìròyìn
Remuneration of labour based on number of hours worked is known as
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Ibeere 44 Ìròyìn
When combination of two goods which a consumer derive equal satisfaction is plotted on a graph, the graph is known as
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