Economics Past Questions And Answers
1771
The ultimate aim of agricultural policies in Nigeria is to achieve?
- A. food sufficiency
- B. industrialization
- C. full employment
- D. industrial capacity utilization
1772
JAMB 2008 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
1773
Which of the following is the major function of the wholesaler?
- A. Bulk breaking
- B. Provision of useful information to the manufacturer on products
- C. Provision of after-sales services to consumers
- D. Provision of warehouse facility
1774
When a firm's total revenue is at the maximum , marginal revenue is
- A. at the maximum
- B. negative
- C. zero
- D. positive
1775
Which of the following is not true of small companies ? they
- A. Cannot benefit from economies of scale
- B. Are a good source of new jobs
- C. Can satisfy demand in specialist markets
- D. Have a good record of technical innovation
1776
Another name for the International Banks for Reconstruction and Development (IBRD) is
- A. International Monetary Funds
- B. International Development Bank
- C. World Bank
- D. International Bnak of Africa
1777
The method obtained by adding all the reward of factors of production in national income is________
- A. income approach
- B. expenditure approach
- C. value added method
- D. output approach
1778
In a free market economy. the rationing of scarce goods is done principally by_______
- A. Consumers
- B. The government
- C. The price mechanism
- D. All of the above
1779
One major function of the Central Bank is to
- A. mint money
- B. hold demand deposit and honour cheques
- C. act as a medium of exchange
- D. control and regulate money supply
1780
The amount of money that a firm recieves from the sales of its output is called
- A. total profit
- B. total revenue
- C. total cost
- D. average revenue