Economics 1 | Study Mode

Join Discuss Share to WhatsApp
Question 11
A
an individual
B
two or more partners
C
shareholders
D
a bank
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: C
Join Discuss Share to WhatsApp
Question 12
A
money
B
poverty
C
unemployment
D
inflation
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: D
Join Discuss Share to WhatsApp
Question 13
A
The rate of natural increase
B
The net migrate
C
The fertility rate
D
All of the above
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: D
Join Discuss Share to WhatsApp
Question 14
A
ignore tastes, incomes and other prices
B
assumes that tastes, income and prices do not matter
C
assumes that taste, income and all other prices change in same direction as prices
D
assume that tastes, incomes and all other prices remain constant
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: D
Join Discuss Share to WhatsApp
Question 15
A
the current account
B
foreign exchange
C
Short-term capital
D
Long-term capital
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: B
Join Discuss Share to WhatsApp
Question 16
A
there is no shortage of goods and services
B
the state is the sole owner of resources
C
production is largely oriented towards consumption in the rular sector
D
women predominate in all economic activities
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: C
Join Discuss Share to WhatsApp
Question 17
A
services
B
goods and services
C
short-term and long-term capital
D
goods that cannot be seen
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: D
Join Discuss Share to WhatsApp
Question 18
A
inflation or increasing prices generally
B
increases in foreign reserves
C
decreases in foreign reserves
D
Government budget surplus
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: B
Join Discuss Share to WhatsApp
Question 19
A
Increase supply of lace material in Nigeria
B
Production of better quality lace abroad
C
Lower price of lace material in Nigeria
D
Higher price of lace material in Nigeria
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: D
Join Discuss Share to WhatsApp
Question 20
A
keeps excess demand within limits
B
keeps excess supply within limits
C
generates the greatest possible profits
D
equates the quantity supplied to be equal to the quantity demanded
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: D

Try this quiz in in E-test/CBT Mode
switch to Economics 1 in CBT Mode

Previous Page Next Page
Question Map
Quiz link
Share Economics 1 with your audience
Share to WhatsApp CBT mode Study mode copy link
Help keep QUIZZERWEB running!
A donation makes a contribution towards the costs, the time and effort that's going on in building and improving this platform.
Donate
sponsored
Are you a writer, proof-reader, interpreter, teacher, student or just someone who works in Yorb Language?
Translate those figures and numbers to words in standard Yoruba Language at YorubaNumeral.com.ngat no cost.
It also aids learning the yoruba numbering system by providing detailed explanation for each number translated up to 25 billion.
English to Yorb Numeral Translator