If government in a fiscal year has its revenue receipts less than the expenditure, such country is having

The satisfaction derived from the consumption of a commodity is referred to as

The largest component of national income in developing countries consist of

The problem of "how to produce" in any economy is solved by

Which of the following is NOT a function of marketing boards in Nigeria?

MPC + MPS equals

The formular used by the Expenditure approach to calculate National income is

Which of the following is NOT associated with minimum price legislation?

Wholesalers play an important in the distribution of goods and services because they

Which of the following NOT among the objectives of OPEC?

Economics problems arise in all societies because

When combination of two goods which a consumer derive equal satisfaction is plotted on a graph, the graph is known as

When the total product starts falling, then the marginal product is

In the long-run, a firm must shut down if its average revenue is

The willingness of an individual backed up with purchasing power at a given time is

Which of the following is NOT a function of the IMF?

The demand for factors of production is said to be

A downward sloping demand curve means that

If the standard deviation of a set of numbers is 3.6, what is the variance?

In the event of bankruptcy, owners of joint-stock companies lose

Which of these is NOT associated with the problem of internal trade?

The middle value of an array figure arranged in descending order is referred to as the

The formular (N + 1)/2 is used to determine the

What add funds to the circular flow?

The revolution of Cassava from ordinary food crop to export crop will lead to

From the diagram below, moving from point A to B and from B to c is due to

At the equilibrium price,

Holding money to take care of contingencies is

An industry operating in a perfect competitive market situation will maximum profit when

Which of the following is NOT a major role of OPEC in production, and marketing of petroleum?

An exceptional demand curve can result from

A market situation with few sellers and many buyers is called

The following can be used to improve a country's balance of payment EXCEPT

The following are the objectives of agricultural policies in Nigeria EXCEPT

If the population of a school is 600 and 60% are In JSS, how many students are in SSS?

When an increase in the price of a commodity lead to a fall in the demand for another, the demand for the two commodities are said to be

The use of tax and expenditure policy to regulate the economy is known as

A firm's average cost decreases in the long-run because of

Which of the following is the correct order in the chain of distribution?

The following determine the level of consumption EXCEPT