The price mechanism

• A. regulates supply and demand
• B. rations the consumers
• C. rewards the producers
• D. allocates scarce resources

A certain herd of horses contains black horses and brown horses. These horses are diploid organisms, and coat color is an autosomal trait. The gene for a brown coat (B) is completely dominant, while the gene for a black coat (b) is recessive. Assume that the population is in Hardy-Weinberg Equilibrium. If prevalence of the R allele in the herd of horses is 0.6, what is the prevalence of black horses in the herd?

• A. 0.8
• B. 0.4
• C. 0.18
• D. 0.16

The component of balance of payments which shows how the balance of both current and capital accounts are settled is know as

• A. current account
• B. monetary movement account
• C. capital account
• D. social-welfare account

A capital market differs from the money market in that in the former?

• A. loan sought is short term
• B. loan reayment is guaranteed
• C. loan sought is long term
• D. the percentage of interest chargedis more

From the words lettered A to D, choose the word that best completes each of the following sentences.

Because of the hard times, many workers now live in a state of .....poverty.

• A. unpardonable
• B. imaginable
• C. affluent
• D. abject

Musa borrows N10.00 at 2% per month simple interest and repays N8.00 after 4 months. How much does he still owe?

• A. N10.80
• B. N10.67
• C. N2.80
• D. N2.67

In which of the following are the substances arranged in their correct order of increasing melting point?

• A. Sodium chloride, sulphur, diamond
• B. Diamond, sodium chloride, sulphur
• C. Sulphur, sodium chloride, diamond
• D. Diamond, sulphur, sodium chloride

The rapid growth of cities like Tokyo, Osaka and Yokohama in Japan can be attributed to?

• A. the increase in international trade
• B. immgration from neighouring countries
• C. the rejection of family planning methods
• D. large-scale industrialization

The type of coal that burns with great heat and very little smoke is?

• A. anthracite
• B. lignite
• C. steam coal
• D. peat

An important farm machine used for coupling many implements is

• A. disc harrow
• B. harvester
• C. tractor
• D. plough