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Swali 4 Ripoti
When the demand for foreign exchange exceeds its supply, the value of the domestic currency
Maelezo ya Majibu
Swali 5 Ripoti
The process of building up country’s capacity to process raw materials for the production of goods is known as
Maelezo ya Majibu
Swali 6 Ripoti
Which of the following hinder(s) effective distribution of goods in Nigeria?
Maelezo ya Majibu
Swali 7 Ripoti
Using Expenditure Approach to estimate National Income, Y is equal to
Maelezo ya Majibu
Swali 8 Ripoti
The amount of satisfaction per unit of the commodity consumed is called
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Swali 11 Ripoti
The additional satisfaction derived from the consumption of one more unit of a good is called
Maelezo ya Majibu
Swali 12 Ripoti
Through membership of the Economic Community of West African States (ECOWAS) countries have achieved
Maelezo ya Majibu
Swali 14 Ripoti
The concentration of firms in one area is referred to as of ……………. industries.
Maelezo ya Majibu
Swali 15 Ripoti
In a given set of data, if the variance is 25, what is the standard deviation?
Maelezo ya Majibu
Swali 16 Ripoti
The demand curve of a perfect competitive market is infinitely elastic indicating that the firm can
Maelezo ya Majibu
Swali 17 Ripoti
Which of the following is a determinant of elasticity of supply?
Swali 18 Ripoti
Price elasticity of supply measures the responsiveness of quantity supplied to
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Swali 25 Ripoti
The correct relationship between income (Y), consumption (C) and savings (S) is
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Swali 26 Ripoti
The following are the differences between domestic and international trade EXCEPT
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Swali 27 Ripoti
These are the objectives of industrial strategies in Nigeria EXCEPT
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Swali 28 Ripoti
When the value of a country’s export exceeds her imports, there will be a
Maelezo ya Majibu
Swali 31 Ripoti
The unit for measuring changes in prices and output is called ………………. index
Maelezo ya Majibu
Swali 32 Ripoti
One of the roles of industrialization in economic development of Nigeria is
Maelezo ya Majibu
Swali 39 Ripoti
One of the positive contributions of the petroleum industry to Nigeria’s economic development is that it
Maelezo ya Majibu
Swali 41 Ripoti
The price and quantity of crude oil and petrol sold to other countries by Nigeria is fixed by the
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Swali 43 Ripoti
Which of the following is NOT an advantage of tabular presentation of data?
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Swali 45 Ripoti
Which of these factors causes a change in the quantity demanded of a commodity?
Swali 46 Ripoti
The mean of the following scores
30, 32, 34, 36, 38, 40 and 42
What is the mean deviation?
Maelezo ya Majibu
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