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Question 1 of 25
1. Question
Price discrimination exist when
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Question 2 of 25
2. Question
A commodity is said to be price inelastic if
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Question 3 of 25
3. Question
The parameter ‘b’ in a consumption function of the form; c = a + bY; where Y is the National Income is
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Question 4 of 25
4. Question
Indifference curve arid isoquant are respectively relevant
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Question 5 of 25
5. Question
Perfect price elastic supply means
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Question 6 of 25
6. Question
Change in demand and change in quantity demanded are not the same because
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Question 7 of 25
7. Question
The following is the main difference between firm and industry
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Question 8 of 25
8. Question
Roles of central bank include the following except
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Question 9 of 25
9. Question
Ordinary shareholders. and preferential shareholders are different because
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Question 10 of 25
10. Question
Yam and palm oil are used together; therefore
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Question 11 of 25
11. Question
Private and public limited liability companies are not the same because
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Question 12 of 25
12. Question
If salary of worker increases from 50, 000 Naira to 80,000 Naira and average price of certain commodities consumed by the worker increase from 120 Naira to 160 Naira then
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Question 13 of 25
13. Question
Discount rate means
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Question 14 of 25
14. Question
When the government expenditure and income are the same in a fiscal year, this is referred as;
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Question 15 of 25
15. Question
Inflation as a result of increase in the payment for factors of production is called
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Question 16 of 25
16. Question
When Lump-sum tax is paid by a producer, it means that;
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Question 17 of 25
17. Question
The following is not correct
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Question 18 of 25
18. Question
Normal profit means;
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Question 19 of 25
19. Question
If the price of commodity X increases because of the increase in the price vis-à-vis the increase in demand for other commodity Y, the two commodities are likely to be
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Question 20 of 25
20. Question
The following may riot inflate the National Income figure
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Question 21 of 25
21. Question
Legal Entity means
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Question 22 of 25
22. Question
In the ownership structure of joint stock company, the following is correct;
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Question 23 of 25
23. Question
The difference between the output proceedings of Nigerians abroad and foreigners in Nigeria is known as;
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Question 24 of 25
24. Question
A stock variable is measured;
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Question 25 of 25
25. Question
The following is no true of price mechanism
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