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Question 7 Report
The professional that view cost in term of alternatives sacrificed is the
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Question 9 Report
The demand for a commodity for the sake of what it will yield is
Question 12 Report
In the demographic transition theory, stage II represents a stage where
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Question 15 Report
A shift of the demand curve leftward from its original position indicate
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Question 18 Report
Using functional relationship in economics QX = f (px, po, y, T); po stand for
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Question 21 Report
In economics, electricity, water supply, communication networks, road, etc are known as
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Question 22 Report
The first commercial oil well in Nigeria was discovered in
Question 24 Report
According to the theory of comparative advantages, countries are to specialize based on their
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Question 26 Report
An economic system where both the public and individuals own and control means of production is known as ……… system
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Question 27 Report
Which of the following is NOT a reason for the absence of an industry in the rural areas?
Question 32 Report
The law of variable proportion state that if the quantities of variable factor of production are used with fixed factor, after a certain point,
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Question 37 Report
One of the following is NOT a reason for increase in public expenditure
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Question 38 Report
Which of the following is NOT a sources of national income statistics?
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Question 39 Report
Abdul is faced with a choice between buying a new NOTE book and a pen with N10. Since the N10 can NOT give him both items he decide to buy NOTE book. The money cost to him is
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Question 48 Report
A tax system which takes lesser percentage of a tax payers income as his income increase is known as
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Question 50 Report
Which of the following is a characteristic of private enterprises?
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