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Pergunta 1 Relatório
The price and quantity of crude oil and petrol sold to other countries by Nigeria is fixed by the
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Pergunta 5 Relatório
Data presented in tables are usually arranged in ………… and …………
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Pergunta 6 Relatório
Which of these factors causes a change in the quantity demanded of a commodity?
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Pergunta 8 Relatório
The correct relationship between income (Y), consumption (C) and savings (S) is
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Pergunta 9 Relatório
Which of the following is a determinant of elasticity of supply?
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Pergunta 13 Relatório
Oil was first discovered in commercial quantity in ……….. State.
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Pergunta 14 Relatório
The additional satisfaction derived from the consumption of one more unit of a good is called
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Pergunta 16 Relatório
Which of the following is a function of the central bank?
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Pergunta 17 Relatório
In a given set of data, if the variance is 25, what is the standard deviation?
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Pergunta 19 Relatório
When the value of a country’s export exceeds her imports, there will be a
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Pergunta 20 Relatório
These are the objectives of industrial strategies in Nigeria EXCEPT
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Pergunta 21 Relatório
The International Monetary Fund (IMF) was set up mainly to
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Pergunta 22 Relatório
The demand curve of a perfect competitive market is infinitely elastic indicating that the firm can
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Pergunta 24 Relatório
The process of building up country’s capacity to process raw materials for the production of goods is known as
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Pergunta 28 Relatório
Which of the following is NOT an advantage of tabular presentation of data?
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Pergunta 30 Relatório
Price elasticity of supply measures the responsiveness of quantity supplied to
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Pergunta 31 Relatório
The mean of the following scores
30, 32, 34, 36, 38, 40 and 42
What is the mean deviation?
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Pergunta 33 Relatório
A firm is said to be a public joint-stock company when it
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Pergunta 34 Relatório
One of the positive contributions of the petroleum industry to Nigeria’s economic development is that it
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Pergunta 35 Relatório
The unit for measuring changes in prices and output is called ………………. index
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Pergunta 36 Relatório
Which of the following hinder(s) effective distribution of goods in Nigeria?
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Pergunta 37 Relatório
When the demand for foreign exchange exceeds its supply, the value of the domestic currency
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Pergunta 38 Relatório
Using Expenditure Approach to estimate National Income, Y is equal to
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Pergunta 40 Relatório
The following are the differences between domestic and international trade EXCEPT
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Pergunta 41 Relatório
Through membership of the Economic Community of West African States (ECOWAS) countries have achieved
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Pergunta 43 Relatório
The amount of satisfaction per unit of the commodity consumed is called
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Pergunta 45 Relatório
One of the roles of industrialization in economic development of Nigeria is
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Pergunta 46 Relatório
The concentration of firms in one area is referred to as of ……………. industries.
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