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Question 1 of 30
1. Question
Given that Y = C + I and C = b Y where b = 0.8, what is the multiplier?
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Question 2 of 30
2. Question
By advertising, a monopolistic competitive firm tries to shift its
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Question 3 of 30
3. Question
The role of the Central Bank in the economic development of Nigeria is to
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Question 4 of 30
4. Question
At the maximum point of the total product curve of affirm, marginal revenue is
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Question 5 of 30
5. Question
The primary function of non-bank financial institutions is to
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Question 6 of 30
6. Question
In an open economy, the GNP is measured as
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Question 7 of 30
7. Question
The capital market provides business firms with the avenue
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Question 8 of 30
8. Question
Which financial institution is charged with the formulation of monetary policies in Nigeria?
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Question 9 of 30
9. Question
GDP differs from GNP because GDP
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Question 10 of 30
10. Question
The distinction between perfect competition and monopolistic competition is that the latter is characterized by
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Question 11 of 30
11. Question
The downstream activities of oil companies in Nigeria involves
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Question 12 of 30
12. Question
The movement of goods and services from the producers to the consumers is referred to as
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Question 13 of 30
13. Question
The purpose of conducting a census is to enable a country to
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Question 14 of 30
14. Question
A major cause of the slow pace of industrialization in Nigeria is inadequate
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Question 15 of 30
15. Question
Maximum wage legislation seeks
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Question 16 of 30
16. Question
Economics goods are termed scarce goods when
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Question 17 of 30
17. Question
The demand of a commodity is affected by
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Question 18 of 30
18. Question
The demand curve can be derived from
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Question 19 of 30
19. Question
Which of the following statements is true of the effect of changes in demand and supply of price?
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Question 20 of 30
20. Question
The basic idea behind the brand differentiation under an imperfect market arrangement is to
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Question 21 of 30
21. Question
It is important to measure the national income of a country because
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Question 22 of 30
22. Question
Adding government and foreign sector to the circular flow of income and product
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Question 23 of 30
23. Question
Consumption plus investment plus government purchases plus not exports Make up
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Question 24 of 30
24. Question
The role of the Central Bank in the economic development in Nigeria is to
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Question 25 of 30
25. Question
The average tax rate is defined as
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Question 26 of 30
26. Question
Which of the following is a good example of invisible item, on balance of payments account?
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Question 27 of 30
27. Question
Economic decisions are taken
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Question 28 of 30
28. Question
If units of a variable factor are increasingly added to a fixed factor and the Marginal physical product keeps increasing production is said to be taking place under conditions of
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Question 29 of 30
29. Question
Short run period in production is a period too short for a firm to be able to change its
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Question 30 of 30
30. Question
A firms shut down point is reached when the average revenue fails to cover the
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