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Ibeere 4 Ìròyìn
Goods that are useful, scarce and can command price are called …………. goods.
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Ibeere 6 Ìròyìn
The solution to problem of how to produce in a capitalist economy is solved by
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Ibeere 8 Ìròyìn
Which of the following is NOT a contribution of agriculture to industrial development?
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Ibeere 9 Ìròyìn
The difference between Gross National Income and Gross Domestic Product is known as
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Ibeere 10 Ìròyìn
If the Income flow of a country exceeds the expenditure flow in international transactions, the balance of payment is
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Ibeere 13 Ìròyìn
A change in National Income brought about by a given change in investment Is
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Ibeere 15 Ìròyìn
A tax system in which the rich pay a higher percentage of income as tax than the poor is known as
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Ibeere 16 Ìròyìn
Find the arithmetic mean of the following set of scores 12, 4, 2, 8, and 14
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Ibeere 20 Ìròyìn
Which of the following is NOT an advantage of localization of industry?
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Ibeere 21 Ìròyìn
A deliberate government policy to exclude foreign participation in certain economic activity is known as
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Ibeere 23 Ìròyìn
Unemployment resulting from physical or mental deficiency is known as……………unemployment.
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Ibeere 28 Ìròyìn
The following methods are used in calculation of National Income EXCEPT
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Ibeere 29 Ìròyìn
A comprehensive statement of Income and expenditure on international accounts for one financial year is called
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Ibeere 30 Ìròyìn
The African Development Bank was set up in 1964 and has its headquarters in
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Ibeere 32 Ìròyìn
The following are advantages of standard deviation EXCEPT that it
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Ibeere 37 Ìròyìn
A tax system in which the income earner pays a fixed percentage of his income annually is known as …………. tax.
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Ibeere 38 Ìròyìn
The difference between bar charts and histograms is that the former
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Ibeere 40 Ìròyìn
Which of these is NOT a bottle neck In the distribution of goods In Nigeria?
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Ibeere 41 Ìròyìn
If total Income is N15m and total consumption Is N3m. then the average propensity to consume is
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Ibeere 43 Ìròyìn
Which of the following is an advantage of free enterprise economy?
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Ibeere 44 Ìròyìn
The creation of physical and concrete goods that can be seen and handled Is
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Ibeere 45 Ìròyìn
The Industrial strategy of producing locally those goods that could have been imported is known as
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