SS2 Live Exam Economics

Question 1 : Restriction on credit creation by commercial banks can be effected through

Question 2 : If technology becomes less capital intensive it means

Question 3 : technology becomes less capital intensive it means

Question 4 : Economics is often described as a science because

Question 5 : Air is essential to life but command no price, this is the paradox of

Question 6 : Development outside a given firm which reduce the firm cost are called

Question 7 : Economic development is defined as

Question 8 : The main reason for charging interest is to

Question 9 : The study of economics enables individual to

Question 10 : The formular (index of export prices )/(index of import prices ) X 100/1 is used to mesure the

Question 11 : A tax burden on a commodity will be shared equally if the demand is

Question 12 : Deficit financing is mostly facilitated by the existence of

Question 13 : The multiplier is defined as

Question 14 : At the point of profit maximization by a firm, marginal cost is

Question 15 : Economic goods are termed scarce goods when they are

Question 16 : An important function of the retailer is to

Question 17 : Production is said to be completed when

Question 18 : A firm determines its profit when it studies its

Question 19 : The money market is a financial market that specializes in the provision of

Question 20 : The necessity of choice is due to the fact that

Question 21 : What is meant by labour supply?

Question 22 : If the current market price of petrol is same as that of last year, it implies that the value of money is

Question 23 : The ultimate aim of agricultural policies in Nigeria is to achieve

Question 24 : In Nigeria, the huge public debt is as a result of

Question 25 : National development plans in Nigeria fail mainly because of

Question 26 : The maximum number of shareholder for a public limited liability company is

Question 27 : An effective way of controlling inflation in mixed economy is to

Question 28 : The optimal range of output for a perfectly competitive firm is where

Question 29 : Demand patterns are determined by the market on the basis of

Question 30 : The record of a country ‘s transactions in international trade is her

Question 31 : The profit of a monopoly can be eliminated where price equals

Question 32 : The most common form of business enterprise in West Africa is

Question 33 : Commodity market can best be described as a market in which

Question 34 : Deficit in balance of payment is financed through

Question 35 : International trade is an application of the principal of

Question 36 : The reduction in value of a country’s currency in relation to the value of the currencies of other nations is known as

Question 37 : Provision of services is classified under

Question 38 : Devaluation of currency in a country is likely to lead to

Question 39 : The money which government spends yearly for the maintenance of its school is

Question 40 : Which of the following applies to a commodity sold abroad at price lower than that in the producing country?

Question 41 : Transfer payment are