NECO SSCE - Economics - 2009

The correct relationship between income (Y), consumption (C) and savings (S) is

Antwortdetails

Average total cost can be expressed as

Antwortdetails

A firm is said to be a public joint-stock company when it

Antwortdetails

The International Monetary Fund (IMF) was set up mainly to

Antwortdetails

Which of the following is a determinant of elasticity of supply?

Antwortdetails

These are the objectives of industrial strategies in Nigeria EXCEPT

Antwortdetails

When the value of a country’s export exceeds her imports, there will be a

Antwortdetails

One of the positive contributions of the petroleum industry to Nigeria’s economic development is that it

Antwortdetails

One of the roles of industrialization in economic development of Nigeria is

Antwortdetails

The demand for salt is …………

Antwortdetails

Taxes levied on locally manufactured goods are called

Antwortdetails

Time deposit is the same thing as

Antwortdetails

Economic growth can be defined as

Antwortdetails

The additional satisfaction derived from the consumption of one more unit of a good is called

Antwortdetails

When the demand for foreign exchange exceeds its supply, the value of the domestic currency

Antwortdetails

The following are qualities of money EXCEPT

Antwortdetails

The mean of the following scores

30, 32, 34, 36, 38, 40 and 42

What is the mean deviation?

Antwortdetails

Through membership of the Economic Community of West African States (ECOWAS) countries have achieved

Antwortdetails

Which of the following hinder(s) effective distribution of goods in Nigeria?

Antwortdetails

Which of the following is a form of business enterprise?

Antwortdetails

A major feature of capitalism is

Antwortdetails

In a given set of data, if the variance is 25, what is the standard deviation?

Antwortdetails

Labour force simply means the

Antwortdetails

Data presented in tables are usually arranged in ………… and …………

Antwortdetails

The first National development plan period was from

Antwortdetails

Using Expenditure Approach to estimate National Income, Y is equal to

Antwortdetails

Disguised unemployment is the same thing as

Antwortdetails

The value of money is affected by

Antwortdetails

Price elasticity of supply measures the responsiveness of quantity supplied to

Antwortdetails

Which of the following is a function of the central bank?

Antwortdetails

A monopolist is a

Antwortdetails

The unit for measuring changes in prices and output is called ………………. index

Antwortdetails

Entrepreneur is associated more with

Antwortdetails

Inflation is a …………….

Antwortdetails

Which of the following is NOT an advantage of tabular presentation of data?

Antwortdetails

A production possibility curve shows the

Antwortdetails

Oil was first discovered in commercial quantity in ……….. State.

Antwortdetails

Production is best defined in economics as

Antwortdetails

Which of these factors causes a change in the quantity demanded of a commodity?

Antwortdetails

The process of building up country’s capacity to process raw materials for the production of goods is known as

Antwortdetails

The growth of a country’s population is affected by

Antwortdetails

The amount of satisfaction per unit of the commodity consumed is called

Antwortdetails

The concentration of firms in one area is referred to as of ……………. industries.

Antwortdetails

The following are the differences between domestic and international trade EXCEPT

Antwortdetails

The purchasing power of the Naira will fall when

Antwortdetails

The price and quantity of crude oil and petrol sold to other countries by Nigeria is fixed by the

Antwortdetails

The demand curve of a perfect competitive market is infinitely elastic indicating that the firm can

Antwortdetails

The concept of choice in Economics refers to

Antwortdetails