1Economics is a social science which studies how
2Scarcity in economics means
3The decision on what to produce is a problem in
4The law of demand states that
5which of the following is an important limiting factor in the application of division of labour?
6Which of the following does not encourage the location of industries?
7All the under listed factors directly affects the supply of a commodity except
8which of the following economic system is in operation in Nigeria?
9Giffen commodities are those commodities
10Effective demand in economics means
11Government can influence aggregate demand through all the following measures except
12The term production in Economics means
13Under the socialist economy , the decision on what to produce is determined by the
14Credit creation by banks is limited by
15Which of the following explains marginal cost?
16The effect of an increase in price on the demand for a commodity with elastic demand will be
17In perfect competition , the marginal cost curve intersects the average cost curve
18Which of the following does not require the use of information from census?
19Which of the following is not a function of an insurance company?
20Malthus observed in his theory that population was growing
21At optimum population level, a country has its
22Which of the following does not give a characteristics of money?
23Which of the following constitute the major components of money supply in a development economy?
24A point along a consumer's indifference curve shows
25If a monopolist is attempting to maximize profit , which of the following should he attempt to do?
26The greatest foreign exchange earner for Nigeria before the advent of petroleum was
27A budget is define as a
28The real value of money is
29A tax whose rate increases as income increases is
30Which of the following best describes the multiplier?
31Net National Product (NNP) is equal to the
32Terms of trade simply means the price
33Balance of trade can be define as
34Which of the following is not a feature of a perfect market?
35Which of the following is the source of raising funds for a public limited liability company in West Africa?
36Which of the following is not an objective of the Indigenisaton policy in Nigeria? To
37Where was oil first discovered in commercial quantities in Nigeria?
38Where is the headquarter of the African Development Bank (ADB) located?
39International trade takes place because of difference in
