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Question 2 Rapport
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 3 Rapport
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 5 Rapport
Of what importance is a wholesaler in the chain of distribution?
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Question 12 Rapport
In the demographic transition theory, stage II represents a stage where
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Question 17 Rapport
Using functional relationship in economics QX = f (px, po, y, T); po stand for
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Question 18 Rapport
Which of the following is NOT a reason for the absence of an industry in the rural areas?
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Question 21 Rapport
The first commercial oil well in Nigeria was discovered in
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Question 27 Rapport
According to the theory of comparative advantages, countries are to specialize based on their
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Question 28 Rapport
A tax system which takes lesser percentage of a tax payers income as his income increase is known as
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Question 29 Rapport
An economic system where both the public and individuals own and control means of production is known as ……… system
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Question 30 Rapport
To finance a deficit balance of payment, a country may decide to
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Question 31 Rapport
Which of these is NOT a basic economic problem of society?
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Question 34 Rapport
Which of the following is a characteristic of private enterprises?
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Question 36 Rapport
Which of the following is NOT a factor determining supply?
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Question 37 Rapport
One of the following is NOT a reason for increase in public expenditure
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Question 38 Rapport
In economics, electricity, water supply, communication networks, road, etc are known as
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Question 40 Rapport
Which of the following is NOT an internal dis-economy of scales?
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Question 41 Rapport
The demand for a commodity for the sake of what it will yield is
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Question 43 Rapport
The professional that view cost in term of alternatives sacrificed is the
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Question 46 Rapport
Which of the following is true of a perfect market situation?
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Question 47 Rapport
A shift of the demand curve leftward from its original position indicate
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Question 50 Rapport
Which of the following is NOT a sources of national income statistics?
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