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Swali 1 Ripoti
In international trade, when payments of a country are higher than the receipts, then the balance of payment is
Maelezo ya Majibu
Swali 2 Ripoti
The types of unemployment that evolved the use of machines to replaces human labour is known as
Maelezo ya Majibu
Swali 3 Ripoti
The assumptions of the principles of comparative cost advantage is based on
I. Absence of Trade Restrictions
II. No transport costs
III. Constant technology
Maelezo ya Majibu
Swali 6 Ripoti
The following are the main problems of distribution of essential commodities in Nigeria EXCEPT
Maelezo ya Majibu
Swali 7 Ripoti
A development planning which takes a long range view of the economy and covers a period of 10-20 years is regarded as
Maelezo ya Majibu
Swali 8 Ripoti
A negative effect of the discovery of petroleum on the Nigerian economy is
Maelezo ya Majibu
Swali 10 Ripoti
In a socialist economic system, decisions relating to the fundamental economic problems are taken by
Maelezo ya Majibu
Swali 12 Ripoti
The basic economics problem of what to produce arises as a result of
Maelezo ya Majibu
Swali 13 Ripoti
The amount of money required for the day-to-day running of a business is known as
Maelezo ya Majibu
Swali 14 Ripoti
A firm with a total of 54 employees produced 108 tonnes of toilet tissues in 3months. What is the average production per employee?
Maelezo ya Majibu
Swali 16 Ripoti
The unit of satisfaction dived from the consumption of an additional unit of a commodity is known as
Maelezo ya Majibu
Swali 17 Ripoti
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
Swali 21 Ripoti
Which of the following is NOT a problem of population census in Nigeria?
Maelezo ya Majibu
Swali 22 Ripoti
The main differences between money market and capital market is that money markets
Swali 24 Ripoti
Which of the following is NOT a factor to be considered in siting an industry in a particular area?
Maelezo ya Majibu
Swali 25 Ripoti
The introduction of money into the economy has helped to resolve the following problems EXCEPT
Maelezo ya Majibu
Swali 26 Ripoti
All the following are the objectives of economic planning EXCEPT to
Maelezo ya Majibu
Swali 27 Ripoti
The decision of whether to use labour or capital intensive techniques in production process is a problem of
Maelezo ya Majibu
Swali 28 Ripoti
An inflation which occurs as a result of increase in production cost is known as
Maelezo ya Majibu
Swali 29 Ripoti
Which of the following factors will NOT affect supply of maize in Nigeria?
Maelezo ya Majibu
Swali 30 Ripoti
Which of the following will NOT be a barrier to international trade?
Maelezo ya Majibu
Swali 31 Ripoti
A business organization set up for the mutual benefits of member with similar interest is known as
Maelezo ya Majibu
Swali 32 Ripoti
Which of the following is NOT a function of the wholesaler in the distributive channel?
Maelezo ya Majibu
Swali 35 Ripoti
The excess profit made by a firm in a competitive market situation in the short-term is known as
Maelezo ya Majibu
Swali 37 Ripoti
The desire to hold cash balances in order to meet expenditures which arises due to unforeseen circumstances is
Maelezo ya Majibu
Swali 38 Ripoti
Individuals who buy new shares in anticipation of reselling at higher prices in the stock exchange market are called
Maelezo ya Majibu
Swali 39 Ripoti
To an individual, the term cost will include expenditure on the following EXCEPT
Maelezo ya Majibu
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