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Tambaya 3 Rahoto
The willingness of an individual backed up with purchasing power at a given time is
Tambaya 4 Rahoto
Which of the following measure will NOT serves as a control during inflation period?
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Tambaya 7 Rahoto
The contribution of petroleum to the economy of nigerian is most prominent in the area of
Tambaya 8 Rahoto
One of the function of united nation conference on trade and development (UNTAD) is to
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Tambaya 10 Rahoto
The comparison of the standard of living between Nigeria and Ghana is best down through the use of
Tambaya 12 Rahoto
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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Tambaya 17 Rahoto
The 1962-1968 development plan in nigerian failed because of
Tambaya 19 Rahoto
An economic system in which individual control the productive resources is known as
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Tambaya 20 Rahoto
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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Tambaya 23 Rahoto
To discourage the consumption of harmful commodities, government should tax such commodities if they have
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Tambaya 24 Rahoto
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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Tambaya 26 Rahoto
Government expenditure on universal basic education and subsidy on agriculture are aimed at
Tambaya 27 Rahoto
The middle value of an array figure arranged in descending order is referred to as the
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Tambaya 28 Rahoto
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?
Tambaya 29 Rahoto
Which of the folowing NOT among the objectives of OPEC?
Tambaya 34 Rahoto
Which of the following factors will NOT account for an outward shift of production possibility curve?
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Tambaya 35 Rahoto
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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Tambaya 36 Rahoto
If government in a fiscal year has its revenue receipts less than the expenditure, such country is having
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Tambaya 38 Rahoto
Which of the following is NOT a factor that brings about changes in demand?
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Tambaya 39 Rahoto
The bank established to finances project aimed at promoting economic and social development within the African continent is
Tambaya 43 Rahoto
An economic system in which the decision on what and how to produce is determined by the individual is called
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