Which question paper type of Economics is given to you?
An economy in which both the public and private sectors contribute to economic growth is as
If the standard deviation of a given data is 53, what is the variance?
Which of the following set of statistical tools is used for further economic analysis
An advantage of the range as a measure of dispersion is that it
Find the median of the following set of data 35, 10, 14, 38, 15, 18, 22, 30 and 28
An increase in demand without a corresponding change in supply will lead to
An increase in the price of a commodity will result in
If the price of a bicycle changes from N120 to N80 and quantity bought changes from 300 to 500 units, the elasticity of demand for bicycle is
From the graph above, the price elasticity of demand is
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One of the assumptions of the cardinalist approach is
Utility is the satisfaction derived from the
From the indifference curve, consumer will prefer combination
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One of the major factors that brings about changes in supply is
From the indifference curve, consumer will prefer combination
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If P = (Qs + 10). What is the quantity supplied at N14?
If the supply of a product is elastic, a small reduction in price will
The supply of beverages by firms in a monopolistic market is an example of
If the price of a commodity is fixed below equilibrium, this will lead to
One of the criticisms of the price mechanism is that
In Nigeria, government can reduce the cost of accommodation by fixing rent
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If a refinery achieves a reduction in cost by purchasing and transporting crude oil in large quantities, it enjoys
An isoquant lying above to the right of another represents
From the graph above, R represents
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The optimum level of output of the firm is
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The total revenue of the firm is represented by
A measure of national income used as comparison of standard of living among nations is
The speculative demand for money is inversely related to the
If Mr. K obtains a N50.000 loan from a bank for the purpose of providing household needs, the demand for money is said to be
Which of the following is used by the Central Bank of Nigeria to control inflation?
If CBN reduces money supply, the interest rate will
An example of an expansionary fiscal policy action is
A tax on land will ultimately fall
One of the goals of development plans in Nigeria is to
One of the goals of development plans in Nigeria is to
Life insurance companies contribute to economic development by holding a part of their assets in
In order to add value to Nigeria agricultural produce, there is need to
The most important determinant for the location of a brick industry is the availability of
In Nigeria, efficiency in public corporations can be achieved through
Government participation in the oil industry was necessitated by the
The deregulation of the petroleum sector in Nigeria will bring about
If Mr. X lost his clerical job at a store and searched for a similar job for ten months before finding one this implies that Mr. X was
A valid explanation for real wage growth is
The rate of interest charge on loans depends largely on
One of the main achievements of the Economic Commission for Africa is
A fiscal policy instrument that can influence the demand pattern in an economy is
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