Human want are insatiable because

Real cost in Economics is same as cost

what is the percentage of maize produced in fig 3.1?

Which of the following is a measure of dispersion?

In a capitalist society, the type of goods to produce is determined by

Labour as an important factor in production process is recompensed with

Land is considered as a passive factor in production process because it is

Consumer's Cooperative Society maximizes the welfare of its members through the following except

A partner that neither contributes capital nor take part in managing of the firm is _________ partner

One of the problems of population census in Nigeria is

Which of the following is a reason government conduct population census

The ability of labour to increase output without increasing its quality is

Which of the following is a reason for balance of payment deficit?

The selling of varieties of goods from one place to another is a function of

Which of the following is an advantage of a middlemen?

The type of money that is not backed by gold is

Which of the following is an advantage of a representative money? It

The system of agriculture concerned with production of food. Animal and cash crops for commercial purpose is _________ farming

Which of the following statistical tools measure the variability of a given set of distribution?

If 2,8,6,4, and 15 are the scores of students in an Economics examination, find the mean

Which of the following is not a feature of land?

The total expenditures on machineries and equipment in a firm to an accountant is _______ cost

A situation where workers stay at the entrance of their office and refuse to work is

Activities of trade union in an organization help in determining

The function of money that enables it to be used in future is

Which of the following is a factor that determines the value of money in an economy?

The system of agriculture that involves production of food for family consumption is ________ farming

The type of inflation that occurs as a result of of funding a deficit budget is ________ inflation

The slow but steady rise in the general price of goods and services is ________ inflation

Which of the following is a reason government participates in location of industries in Nigeria?

The establishment of assembling industries in Nigeria is to

The principles of a good tax system was postulated by

The following are factors that limit the growth of firms except

At a point where marginal cost equates average cost, average cost is

Average utility is the satisfaction as consumer derives from

A rational consumer maximizes utility where:

When the demand for a particular commodity falls as a result of an increase in income of a consumer, the products involved are _______ goods

A rightward shift in demand curve implies that, there is an increase in

The payment of interest on loan taken by government is

The following are features of socialist economy except

The headquarters of West African Currency Board (WACB) was in

Issuance and control of currency in Nigeria is the function of ________ bank

Which of the following is a factor influencing location of an industry?

When the coefficient of elasticity of demand is 0.4 demand is

When a change in price brings about a proportional change in the quantity of commodity sold, the supply is

Which of the following is a condition for price discrimination?

the shaded portion in Fig 3.2 represents

The following are factors that determine national income of a country except

The average standard of living of individuals in a country is determined by

If a firm earns an annual income of N60,000,000 and spends N25,000,000 on purchase of vehicles, Calculate its Average Propensity to Save (APS)

When the total visible import of a country is more than the visible ex- port, the economy will experience of _______ trade

One of the benefits of international trade is

The number of working age people who are able and willing to work in a country is

The improvement in human capital developinent can be achieved through

The Economic Community of West African States (ECOWAS) was founded in the year

Which of the following countries is a member of Asian Tigers?

Which of the following is not a feature of a developing economy?

The type of planning targeted at specific segment of national economy is ________ planning

Crude oil in Nigeria was first discovered in

One of the disadvantages of privatization is