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Vraag 1 Verslag
A negative effect of the discovery of petroleum on the Nigerian economy is
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Vraag 2 Verslag
Which of the following will NOT be a barrier to international trade?
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Vraag 4 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 5 Verslag
Which of the following factors will NOT affect supply of maize in Nigeria?
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Vraag 6 Verslag
The types of unemployment that evolved the use of machines to replaces human labour is known as
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Vraag 9 Verslag
The basic economics problem of what to produce arises as a result of
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Vraag 13 Verslag
The unit of satisfaction dived from the consumption of an additional unit of a commodity is known as
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Vraag 14 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 17 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 19 Verslag
The decision of whether to use labour or capital intensive techniques in production process is a problem of
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Vraag 20 Verslag
The main differences between money market and capital market is that money markets
Vraag 21 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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Vraag 22 Verslag
The introduction of money into the economy has helped to resolve the following problems EXCEPT
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Vraag 24 Verslag
Which of the following is NOT a problem of population census in Nigeria?
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Vraag 25 Verslag
The following are the main problems of distribution of essential commodities in Nigeria EXCEPT
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Vraag 26 Verslag
To an individual, the term cost will include expenditure on the following EXCEPT
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Vraag 27 Verslag
The amount of money required for the day-to-day running of a business is known as
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Vraag 28 Verslag
In a socialist economic system, decisions relating to the fundamental economic problems are taken by
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Vraag 29 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 30 Verslag
A business organization set up for the mutual benefits of member with similar interest is known as
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Vraag 31 Verslag
An inflation which occurs as a result of increase in production cost is known as
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Vraag 32 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
The desire to hold cash balances in order to meet expenditures which arises due to unforeseen circumstances is
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Vraag 35 Verslag
Which of the following is NOT a function of the wholesaler in the distributive channel?
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Vraag 37 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 38 Verslag
All the following are the objectives of economic planning EXCEPT to
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Vraag 39 Verslag
Individuals who buy new shares in anticipation of reselling at higher prices in the stock exchange market are called
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