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Vraag 1 Verslag
The satisfaction derived from Die consumption of a commodity is referred o as
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Vraag 2 Verslag
Stock exchange market deals with
Vraag 5 Verslag
Under perfect competition, a profit maximizing firm will hire labour up to the point where the last unit of labor adds
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Vraag 6 Verslag
Which of the following is NOT a major role of OPEC in production, and marketing of petroleum?
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Vraag 7 Verslag
The following will occur when maximum price is fixed below the free market price EXCEPT that
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Vraag 8 Verslag
Which of the following is NOT a positive contribution a petroleum to Nigeria economy?
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Vraag 10 Verslag
The use of tax and expenditure policy to regulate the economy is known as
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Vraag 11 Verslag
Which of the following is NOT included in-measuring the National income through the income approach?
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Vraag 12 Verslag
An industry operating in a perfect competitive market situation will maximum profit when
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Vraag 13 Verslag
The following are problems of development planning in Nigeria EXCEPT
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Vraag 14 Verslag
A business formation with a minimum of two and maximum of twenty persons is called
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Vraag 15 Verslag
Production is said to be complete when goods and services gets to the
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Vraag 16 Verslag
Which of the following is NOT a function of marketing boards in Nigeria?
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Vraag 17 Verslag
Which of the following is the correct order in the chain of distribution?
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Vraag 19 Verslag
The system of farming which involves the use of a large hectare of land planted with economic crops is known as
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Vraag 20 Verslag
In the equation Q = a - bp + e; Q and P are .... Variables respectively.
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Vraag 21 Verslag
Which of the following will NOT bring about an increase in Labour force?
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Vraag 22 Verslag
When an increase in the price of a commodity lead to a fall In the demand for aNOTher, the demand for the two commodities are said to be
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Vraag 24 Verslag
An industry engaged in the extraction of raw materials and its conversion into semi-finished goods is called industry.
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Vraag 26 Verslag
If the standard deviation of a set of numbers is 3.6, what is the variance?
Vraag 28 Verslag
An economy in which decision of what to produce is taken partly by private individuals and state is referred to as Economy.
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Vraag 30 Verslag
Range is NOT the best method of measuring dispersion because it considers only the
Vraag 31 Verslag
The recent revolution of Cassava from ordinary food crop to export crop will lead to
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Vraag 33 Verslag
The trade-off between two commodities along the Production Possibility Curve (PPC) shows
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Vraag 34 Verslag
If the population of a school is 600 and 60% are In JSS, how many students are in SSS?
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Vraag 36 Verslag
The following are the objectives of agricultural policies in Nigeria EXCEPT
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Vraag 38 Verslag
Which of the following is a disadvantage of localization of industries?
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Vraag 39 Verslag
The following are rewards for factors of production EXCEPT
Vraag 42 Verslag
A major characteristics of a firm operating at a long-run equilibrium position is that
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Vraag 43 Verslag
Which of the following is NOT associated with minimum price legislation?
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Vraag 44 Verslag
If two bags of rice were sold for N1,250 a mouth ago and two weeks later, the same amount was used to procure one bag. This simply means that the value of money is
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Vraag 45 Verslag
The following can be used to improve a country’s balance of payment EXCEPT
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