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Vraag 1 Verslag
The unit of satisfaction dived from the consumption of an additional unit of a commodity is known as
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Vraag 5 Verslag
The introduction of money into the economy has helped to resolve the following problems EXCEPT
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Vraag 8 Verslag
An inflation which occurs as a result of increase in production cost is known as
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Vraag 9 Verslag
To an individual, the term cost will include expenditure on the following EXCEPT
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Vraag 11 Verslag
A development planning which takes a long range view of the economy and covers a period of 10-20 years is regarded as
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Vraag 12 Verslag
In a socialist economic system, decisions relating to the fundamental economic problems are taken by
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Vraag 13 Verslag
In international trade, when payments of a country are higher than the receipts, then the balance of payment is
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Vraag 15 Verslag
The amount of money required for the day-to-day running of a business is known as
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Vraag 16 Verslag
Which of the following is NOT a problem of population census in Nigeria?
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Vraag 17 Verslag
A business organization set up for the mutual benefits of member with similar interest is known as
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Vraag 18 Verslag
The decision of whether to use labour or capital intensive techniques in production process is a problem of
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Vraag 19 Verslag
The main differences between money market and capital market is that money markets
Vraag 20 Verslag
Individuals who buy new shares in anticipation of reselling at higher prices in the stock exchange market are called
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Vraag 21 Verslag
A negative effect of the discovery of petroleum on the Nigerian economy is
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Vraag 23 Verslag
Which of the following will NOT be a barrier to international trade?
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Vraag 24 Verslag
The basic economics problem of what to produce arises as a result of
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Vraag 28 Verslag
The types of unemployment that evolved the use of machines to replaces human labour is known as
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Vraag 29 Verslag
The following are the main problems of distribution of essential commodities in Nigeria EXCEPT
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Vraag 30 Verslag
Which of the following is NOT a factor to be considered in siting an industry in a particular area?
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Vraag 31 Verslag
All the following are the objectives of economic planning EXCEPT to
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Vraag 32 Verslag
A firm with a total of 54 employees produced 108 tonnes of toilet tissues in 3months. What is the average production per employee?
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Vraag 33 Verslag
The excess profit made by a firm in a competitive market situation in the short-term is known as
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Vraag 34 Verslag
Which of the following is NOT a function of the wholesaler in the distributive channel?
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Vraag 35 Verslag
When a change in the demand for commodity A leads to a change in demand for commodity B in the same direction, demand for A & B is
Vraag 36 Verslag
Which of the following factors will NOT affect supply of maize in Nigeria?
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Vraag 37 Verslag
The desire to hold cash balances in order to meet expenditures which arises due to unforeseen circumstances is
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Vraag 39 Verslag
The assumptions of the principles of comparative cost advantage is based on
I. Absence of Trade Restrictions
II. No transport costs
III. Constant technology
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