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Ibeere 1 Ìròyìn
An economic system where both the public and individuals own and control means of production is known as ……… system
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Ibeere 6 Ìròyìn
Which of the following is NOT a sources of national income statistics?
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Ibeere 9 Ìròyìn
A tax system which takes lesser percentage of a tax payers income as his income increase is known as
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Ibeere 12 Ìròyìn
The professional that view cost in term of alternatives sacrificed is the
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Ibeere 17 Ìròyìn
Which of the following is a characteristic of private enterprises?
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Ibeere 19 Ìròyìn
According to the theory of comparative advantages, countries are to specialize based on their
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Ibeere 20 Ìròyìn
In economics, electricity, water supply, communication networks, road, etc are known as
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Ibeere 21 Ìròyìn
The demand for a commodity for the sake of what it will yield is
Ibeere 26 Ìròyìn
The law of variable proportion state that if the quantities of variable factor of production are used with fixed factor, after a certain point,
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Ibeere 28 Ìròyìn
Abdul is faced with a choice between buying a new NOTE book and a pen with N10. Since the N10 can NOT give him both items he decide to buy NOTE book. The money cost to him is
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Ibeere 33 Ìròyìn
In the demographic transition theory, stage II represents a stage where
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Ibeere 34 Ìròyìn
Which of the following is NOT a reason for the absence of an industry in the rural areas?
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Ibeere 36 Ìròyìn
A shift of the demand curve leftward from its original position indicate
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Ibeere 50 Ìròyìn
Using functional relationship in economics QX = f (px, po, y, T); po stand for
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