Individual markets differ from each other according to
- A. The degree of competition
- B. The volume of trade
- C. The number of buyers
- D. It's composition
One of the factors affecting the supply of manufactured goods is
- A. Weather
- B. Technology
- C. Consumer tastes
- D. Availability of inputs
Use the information below to answer this question.
Given that Q d = 20 – 4P and Qs = 6P + 12
If price is increased to N3, how much is the excess supply?
- A. 30
- B. 22
- C. 12
- D. 8
Use the information below to answer this question.
Given that Q d = 20 – 4P and Q = 6P + 12
Determine the equilibrium quantity
- A. 14.2
- B. 16.8
- C. 20.8
- D. 30.2
Use the data below to answer this questions
54, 36, 62, 79, 83, 36, 62, 42, 62, and 42.
What is the modal score?
- A. 36
- B. 42
- C. 54
- D. 62
Use the data below to answer this questions
54, 36, 62, 79, 83, 36, 62, 42, 62, and 42.
Calculate the mean?
- A. 45.5
- B. 55.6
- C. 55.8
- D. 65.8
From the shaded area of the diagram above, an appropriate population policy will be to
- A. encourage early marriages
- B. discourage immigration
- C. discourage polygamy
- D. encourage the use of contraceptives
From the graph above , point M shows that MC
- A. cuts AC at its minimum point
- B. and AC rises simultaneously
- C. cuts AC at its maximum point
- D. is falling
In the diagram above, there is an excess
- A. demand for 30 units
- B. supply of 40 units
- C. demand for 20 units
- D. supply of 20 units
A classroom teacher is promoted to the rank of a principal. This is an example of
- A. vertical mobility
- B. lateral mobility
- C. social mobility
- D. horizontal mobility
If the active population is 50 million and unemployed is 5 million what is the unemployment rate?
- A. 10%
- B. 45%
- C. 55%
- D. 90%
A high rent on land will affect the cost of producing maize
- A. at the early stage of production
- B. negatively
- C. at the later stage of population
- D. positively
A major trading problem facing ECOWAS is
- A. the absence of common currency
- B. political instability
- C. high poverty level
- D. non implementation of decisions
The OPEC marketing policy of fixing minimum price allows members to
- A. sell above minimum price
- B. sell below minimum price
- C. determine the price and quantity to sell
- D. negotiate price with customers
The population of a country will decrease if
- A. the death rate exceeds the birth rate
- B. immigration is equal to emigration
- C. the birth rate exceeds the death rate
- D. there is rapid economic growth
The active population of a country determines the size of its
- A. economic resources
- B. national income
- C. labour force
- D. gross domestic product
Joint-stock companies can raise funds from
- A. the money market
- B. the capital market
- C. various sources
- D. government
The economic policy of privatization came up as a result of the poor performance of
- A. commercial banks
- B. small-scale businesses
- C. public enterprises
- D. private enterprises
The activities in the oil and gas industry are classified into
- A. exploration and transportation
- B. upstream and downstream
- C. discovery and extraction
- D. onshore and offshore
The exports-promotion strategy is aimed at producing
- A. consumer goods originally imported
- B. machinery for industries
- C. more goods for exports
- D. more goods domestic consumption
A major consideration in locating a cement factory is the availability of
- A. skilled labour
- B. power
- C. infrastructural facilities
- D. limestone