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Swali 5 Ripoti
If a person receives a higher wage than would be necessary to induce him to work, he is said to be receiving
Maelezo ya Majibu
Swali 7 Ripoti
Which of the following is an important function of prices in a market economy?
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Swali 8 Ripoti
The most important economic characteristic differentiating commercial banks from other financial institutions is their?
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Swali 13 Ripoti
Which of the following strategies will provide more employment opportunities for Nigerians?
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Swali 18 Ripoti
The difference between the Gross Domestic Product and the Gross National Product is?
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Swali 19 Ripoti
Which of the following is used by the Central Bank to control the rate of interest?
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Swali 21 Ripoti
Which of the following causes of inflation is related to demand-pull inflation?
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Swali 23 Ripoti
What fundamentally determines how much a consumer spends in a producer's shop?
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Swali 25 Ripoti
Deflation is a persistent fall in the general price level and is usually caused by?
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Swali 26 Ripoti
The term of trade often measured by the ratio of the index of export
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Swali 27 Ripoti
In the normal channels of distribution the breaking of bulk is performed by the
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Swali 29 Ripoti
A firm achieves least cost in production by substituting factors until
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Swali 30 Ripoti
One of the advantages of a partnership over a sole proprietorship is that?
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Swali 31 Ripoti
Which of the following is a characteristic of private limited liability company?
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Swali 32 Ripoti
In international trade, a country specializes in the production of a commodity or group of commodities for which it has?
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Swali 33 Ripoti
Under normal circumstances the concept of consumers sovereignty implies that
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Swali 40 Ripoti
Given that the cash reserve ratio is 10 percent, what is the maximum amount of that the banking system can create from an initial cash deposit of N1,000.00?
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Swali 41 Ripoti
Which of the following advantages of localization of industries may also be a disadvantage?
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Swali 42 Ripoti
In drawing an individual's demand curve for a commodity, which of the following is not kept constant? The
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Swali 44 Ripoti
Use the table below to answer the question below:
Market Demand Schedule for Commodity X:
If the price of commodity X falls from N40.00 to N30.00 what is the price elasticity of demand?
Swali 45 Ripoti
The revenue accruing to the seller of commodity X as a result of a fall in price will
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Swali 46 Ripoti
A country has a population distribution as shown below:
The dependency ratio is
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Swali 47 Ripoti
One major difference between monopoly and perfect competition is that?
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Swali 48 Ripoti
A monopolist will practice price discrimination in two markets if?
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Swali 49 Ripoti
Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?
Swali 50 Ripoti
Which of these is the real cost of satisfying any want in the sense of the alternative that has to be foregone?
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