The major objective, of a revenue allocation formula in a country is to
When a union is composed of workers with the same skill it is called
Utility is the satisfaction derived from
If the pass mark was 40, how many students passed the examination?
1 out of 5
How many students took the examination?
The Economic Commission for Africa was set up by the
The Family Support Programme in Nigeria essentially focuses on
A situation in which a commodity is sold abroad below its cost of production in the home country is known as
Taxes and government expenditures are instruments of
The diagram below represents a production function. At which of the points does diminishing returns set in?
Efficiency of labour in a country is determined by the following except the
The rate at which a country's exports is exchanged for her imports is
The principle of comparative cost advantage was propounded by
Which of the following items is not an example of circulating capital?
If the budget of the country was $7,200.00, how much is allocated to education
2 out of 5
What is the ratio of expenditure on health to Agriculture?
Human wants are insatiable because wants are
From the table, the mean of the distribution is
What is the median of the distribution?
The population density of a town made up of 50 square kilometre land area and 100 million people is
3 out of 5
The type of demand that exists between torchlight and battery is
The study of Economics becomes necessary because of the
Productive resources can also be called
The main concern of economists is to
The full meaning of OPEC is
Which of the following is an invisible item
If specialisation should take place, then
In which of the following business units are the owners mostly the customers
4 out of 5
Joint ventures are partnership involving
The Economic Community of West African States (ECOWAS) has been slow in achieving its objectives because of
Which of the following is an advantage of localisation of industry?
The number of people who are qualified to work and who offer themselves for employment is called
International trade is an application of the principle of
The establishment of industries in rural areas will help to reduce
In a capitalist economy, factors of production are owned and controlled by the
Mortgage banks give loans to investors on a long- term basis to
The reduction in the value of a country's currency in relation to the value of the currencies of other nations is known as
The reward for capital is
5 out of 5
Occupational distribution of population is mainly influenced by