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Frage 2 Bericht
Which of the following factors will NOT account for an outward shift of production possibility curve?
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Frage 3 Bericht
The 1962-1968 development plan in nigerian failed because of
Frage 5 Bericht
An economic system in which the decision on what and how to produce is determined by the individual is called
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Frage 12 Bericht
An economic system in which individual control the productive resources is known as
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Frage 13 Bericht
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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Frage 15 Bericht
When an economy is having a balance of payment surplus the best alternative opened to it is to
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Frage 16 Bericht
Which of the folowing NOT among the objectives of OPEC?
Frage 17 Bericht
If government in a fiscal year has its revenue receipts less than the expenditure, such country is having
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Frage 18 Bericht
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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Frage 19 Bericht
The comparison of the standard of living between Nigeria and Ghana is best down through the use of
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Frage 20 Bericht
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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Frage 22 Bericht
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?
Frage 27 Bericht
Which of the following measure will NOT serves as a control during inflation period?
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Frage 28 Bericht
Which of these is NOT associated with the problem of internal trade?
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Frage 29 Bericht
The formular used by the Expenditure approach to calculate National income is
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Frage 30 Bericht
Government expenditure on universal basic education and subsidy on agriculture are aimed at
Frage 33 Bericht
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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Frage 34 Bericht
Which of the following is NOT a factor that brings about changes in demand?
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Frage 36 Bericht
The bank established to finances project aimed at promoting economic and social development within the African continent is
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Frage 37 Bericht
The willingness of an individual backed up with purchasing power at a given time is
Frage 38 Bericht
The contribution of petroleum to the economy of nigerian is most prominent in the area of
Frage 39 Bericht
What is the median term in the distribution below ;14, 13 29 ,15 ,13,17 ,12,
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Frage 40 Bericht
The middle value of an array figure arranged in descending order is referred to as the
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Frage 41 Bericht
One of the function of united nation conference on trade and development (UNTAD) is to
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Frage 42 Bericht
To discourage the consumption of harmful commodities, government should tax such commodities if they have
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