which of the following is not an advantage of tubular presentation of data?
4
The problem of scarcity is reduced by
5
The reward for labour is
6
Which of the following factors of production consists of man made goods?
7
one major function of the entrepreneur is
8
A major limiting factor of mass production is
9
Division of labour leads to
10
which of the following is an advantage of localization of industry?
11
The additional satisfaction derived from the consumption of one or more unit of a good is called
12
when the total products is at its maximum marginal products is
13
Marginal cost can be derived from the
14
The market supply curve slopes upwards from left to right indicating that
15
The term underpopulation refers to a situation where the population is
16
West African countries experience rapid population growth due to
17
which of the following could be used to measure the efficiency of labour?
18
which of the following is necessary for the survival of small firms in West Africa?
19
A normal demand curve slopes
20
If the quantity demanded of a commodity increases from 20 to 30 units where there is an increase in price from 4naira to 5 naira, the elasticity of demand is
21
Price elasticity supply measures the responsiveness of quantity supplied to
22
The most common type of business in West African countries is
23
Which of the following is a type of business organization?
24
one advantage of the sole proprietor is that
25
The shares which do not carry any fixed rate of dividend are known as
26
The economic goals of public corporation is to
27
one of the factors responsible for low agricultural production in West Africa is
28
Efficient distribution of goods in West Africa will be facilitated by
29
The demand for money is
30
money becomes a very poor store of value in a period of
31
A continuous fall in the general price level is called
32
Which of the following is the function of a central bank?
33
Cost-push inflation is likely to raise when
34
The most important function of merchant banks is the
35
Precautionary motive relates to
36
Invisible trade refers to trade in
37
When the demand for foreign exchange exceeds its supply, the value of the domestic currency
38
Which of the following is part of the capital account of the balance of payments?
39
The most common index for measuring developments is
40
Government of West African countries levy taxes to
41
Which of the following is a direct tax?
42
The tax whose rate increase as the level of income increases is known as
43
Public expenditure on on education and health is known as expenditure on
44
budget deficit can be financed by
45
A major problem facing the Economic Community of West African States (ECOWAS) as an economic integration , is the
46
In a socialist economy, the means of productions owned and controlled by the
47
It is necessary to estimate the national income of of a country because it
48
The Organization of Petroleum Exporting Countries (OPEC) is an example of a
