NECO SSCE - Economics - 2003

In the demographic transition theory, stage II represents a stage where

Bayanin Amsa

In a free market economy, wages are determined by

Bayanin Amsa

A tax system which takes lesser percentage of a tax payers income as his income increase is known as

Bayanin Amsa

Using functional relationship in economics QX = f (px, po, y, T); po stand for

Bayanin Amsa

Which of the following is a major export crop in Nigeria?

Bayanin Amsa

The demand for a commodity for the sake of what it will yield is

Bayanin Amsa

The most generally accepted definition of economics is

Bayanin Amsa

The aim of indigenization policy was to

Bayanin Amsa

According to the theory of comparative advantages, countries are to specialize based on their

Bayanin Amsa

In the equation MV = PT; V stand for

Bayanin Amsa

For a monopolist, the demand curve is

Bayanin Amsa

An economy is described as spend-rift if it

Bayanin Amsa

Which of the following is a motive for holding money?

Bayanin Amsa

ECOWAS Visa lasts for

Bayanin Amsa

Which of the following is NOT a function of taxation?

Bayanin Amsa

The professional that view cost in term of alternatives sacrificed is the

Bayanin Amsa

A shift of the demand curve leftward from its original position indicate

Bayanin Amsa

To finance a deficit balance of payment, a country may decide to

Bayanin Amsa

Economic growth is the

Bayanin Amsa

Equilibrium prices is

Bayanin Amsa

What is meant by utility?

Bayanin Amsa

The per capita income is calculated as

Bayanin Amsa

Which of the following is a characteristic of private enterprises?

Bayanin Amsa

The best way of presenting data in tabular form is in

Bayanin Amsa

Which of the following is NOT a reason for the absence of an industry in the rural areas?

Bayanin Amsa

Minimum price control is aimed at

Bayanin Amsa

The law of variable proportion state that if the quantities of variable factor of production are used with fixed factor, after a certain point,

Bayanin Amsa

Of what importance is a wholesaler in the chain of distribution?

Bayanin Amsa

A problem of price control is

Bayanin Amsa

Which of the following is NOT a factor determining supply?

Bayanin Amsa

Which of the following is true of a perfect market situation?

Bayanin Amsa

One of the following is NOT a reason for increase in public expenditure

Bayanin Amsa

Averages cost (AC) equal to

Bayanin Amsa

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

Bayanin Amsa

Which of the following is NOT a component of agriculture?

Bayanin Amsa

In calculating mean one should

Bayanin Amsa

The central point of the Malthusian theory is that

Bayanin Amsa

Which of the following is NOT a sources of national income statistics?

Bayanin Amsa

Which of the following is NOT an internal dis-economy of scales?

Bayanin Amsa

Efficiency of labour implies

Bayanin Amsa

Total revenue can be obtained by multiplying

Bayanin Amsa

Which of the following is NOT a cause of inflation?

Bayanin Amsa

Central bank of Nigerian started operation

Bayanin Amsa

Data presented in a circular chart is known as

Bayanin Amsa

Price legislation means

Bayanin Amsa

The first commercial oil well in Nigeria was discovered in

Bayanin Amsa

The theory of income determination is traced to

Bayanin Amsa

In economics, electricity, water supply, communication networks, road, etc are known as

Bayanin Amsa

Which of these is NOT a basic economic problem of society?

Bayanin Amsa

An economic system where both the public and individuals own and control means of production is known as ……… system

Bayanin Amsa