Net migration is the difference between
- A. population and census
- B. immigrants and emigrants
- C. per capita income and population
- D. internal and external migration
Hassan , an economic teacher in Lagos, resigned his appointment and took yup another job as a banker . The The concept here involves
- A. occupational mobility of labour
- B. horozontal mobility of labour
- C. vertical mobility of labour
- D. geographical mobility of labour
one economic implication of over-population is that it
- A. leads to low demand s of goods
- B. reduce balance of payment difficulties
- C. leads to a fall in per capital income
- D. reduce pressure on the available social facilities
census of population is usually conducted every
- A. 20 years
- B. 15 years
- C. 10 years
- D. 7 years
Majority of West African labour force is engaged in
- A. industrial production
- B. agricultural production
- C. mining industry
- D. construction industry
The supply of labour can be influenced by the
- A. size of the population
- B. stage of economic development
- C. size of the country
- D. extent of the market
which of the following is a function of the retailer?
- A. provision of storage facilities
- B. financing manufacturers
- C. stocking variety of goods
- D. advertisement of goods
The consumers co-operative society is owned by
- A. a management committee
- B. members of the society
- C. debenture holders
- D. the government
The maximum amount of money a company is allowed to raise by issuing shares to the public is called
- A. paid-up capital
- B. fixed capital
- C. working capital
- D. authorized capital
One important feature of sole proprietorship is that
- A. it is limited liability business
- B. the business is owned by shareholders
- C. one person bears all the risks
- D. it is a legal entity
Public enterprises are established mainly to
- A. provide basic amenities for the people
- B. make goods available in the market
- C. make profit for the government
- D. compete with foreigners in the industrial sector
Dividing total variable cost by quantity of output gives
- A. Total cost (TC)
- B. Total Fixed Cost (TFC)
- C. Variable cost (VC)
- D. Average Variable Cost (AVC)
One of the internal economies of large scale production is
- A. administrative economies
- B. market economies
- C. regional economies
- D. horizontal economies
In production , the formula total product/number of men employed is used to calculate
- A. total product
- B. average product
- C. marginal product
- D. fixed product
The quantity supplied of a book per week is represented by the function: Qs + 70 + 1/2 P, At a price of N8.00, the quantity supplied is
- A. 70
- B. 74
- C. 76
- D. 86
Which of the following is a measure of central tendency
- A. Percentage
- B. graph
- C. variance
- D. Median
A collective data which has not been processed is referred to as
- A. disjointed data
- B. raw data
- C. class intervals
- D. frequency
The entire satisfaction that a consumer derived from a successive consumption of a particular commodity is known as
- A. marginal utility
- B. total utility
- C. average utility
- D. diminishing utility
Basic extractive activities are classified as
- A. manufacturing production
- B. tertiary production
- C. secondary production
- D. primary production
economy problems arises mainly as a result of
- A. inaccurate statistical data in West Africa
- B. excessive wastage of available resources
- C. lack of foresight on the part of resource users
- D. limitation in the availability of resouces
Scarcity implies that
- A. goods cannot be produced efficiently
- B. human wants are unlimited
- C. goods and services are limited in supply
- D. commodities are evenly distributed within the economy