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Swali 1 Ripoti
One theory of population contends that population tends to increase much faster than the supply of food, and that if the growth in population is not checked , it will be checked by natural forces like misery disasters and food shortages. This theory was propounded by?
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Swali 2 Ripoti
Devaluation of the naira as a condition for the international Monetary Fund 'loan' is considered inadvisable because?
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Swali 3 Ripoti
Under normal circumstances a producer will bear the entire burden of taxation on his output if the?
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Swali 6 Ripoti
Warehousing facilities in the distribution and marketing of products are provided by?
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Swali 7 Ripoti
If monopoly is attempting to maximize profit which of the following should it attempt to do?
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Swali 10 Ripoti
Which of the following is NOT among the canons of taxation as set out by Adam Smith?
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Swali 11 Ripoti
In the figure above, the broken line labelled M is the marginal revenue curve of a
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Swali 13 Ripoti
Which of the following is NOT a part of the fixed costs of a limited liability company?
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Swali 14 Ripoti
The table illustrates the law of diminishing returns on a farm. Which pair of the following answers is appropriate for the missing information in the spaces market X and Y?
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Swali 16 Ripoti
The argument of tariff protection in less developed economies is that such a measure would
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Swali 17 Ripoti
The inefficient distribution of scarce commodities in Nigeria is mostly due to the?
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Swali 18 Ripoti
If in the short-run commodity X and commodity Y are supplied jointly, which of the following is correct?
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Swali 20 Ripoti
Bisi needs a book costing N10.00 and a hat costing N10.00. If Bisi buys the book instead of the hat, the opportunity cost of his choice is the?
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Swali 22 Ripoti
An example of a regressive tax is?
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Examples of regressive taxes include sales taxes, user fees and, arguably, property taxes.
Swali 23 Ripoti
Under the ECOWAS agreement, a Nigerian can enter and stay in Ghana without visa for a period of?
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Swali 25 Ripoti
If an economy grows at an annual rate of 6%, of which is deemed to be due to improvement in the productivity of labour and capital combined, the remaining 2% is generally attributed to
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Swali 26 Ripoti
Tax which is levied on goods manufactured, sold or used within a country is?
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Swali 28 Ripoti
The amount of labour a producer hires relative to labour factor inputs depends on the?
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Swali 31 Ripoti
The interdependence between households and business enterprises illustrated in the figure is known as
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Swali 32 Ripoti
Optimum population is desirable because it enables an economy to obtain maximum?
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Swali 34 Ripoti
Which of the following factors is mostly responsible for the concentration of population around the oil fields in Eastern Nigeria?
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Swali 35 Ripoti
The process by which a country attempts to reduce the import of manufactured goods at home is described as?
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Swali 36 Ripoti
The act of combining factor inputs in order to obtain specific output is known as
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Swali 37 Ripoti
Which of the following is a necessary prerequisite for trade by barter?
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Swali 38 Ripoti
The petro- chemical industries are located in the River State of Nigeria due to?
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Swali 42 Ripoti
By terms of trade, we mean the?
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Terms of trade (TOT) refers to the relative price of imports in terms of exports and is defined as the ratio of export prices to import prices. It can be interpreted as the amount of import goods an economy can purchase per unit of export goods.
Swali 45 Ripoti
How many National Development Plans did Nigeria have between 1960 and 1984?
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Swali 48 Ripoti
A corporation can obtain funds by issuing bonds. A bond is a form of debt which falls due to repayment after?
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Swali 49 Ripoti
Study the figure above. At paint H the price elasticity of supply is
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Je, ungependa kuendelea na hatua hii?