Economics 2008 | Study Mode

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Question 21
A
increasing cost of production
B
the appreciation of the naira
C
decreasing cost of production
D
high capacity utilization
Explanation

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Correct option: A
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Question 22
A
N2000
B
N18 000
C
N12 000
D
N8 000
Explanation

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Correct option: D
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Question 23
A
control inflation
B
bridge the deflationary gap
C
expand the output level
D
deregulate the economy
Explanation

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Correct option: A
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Question 24
A
budget
B
fiscal policy
C
revenue allocation
D
monetary policy
Explanation

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Correct option: B
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Question 25
A
profit tax
B
sales tax
C
capital gain tax
D
poll tax
Explanation

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Correct option: B
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Question 26
A
gross national product
B
per capital income
C
real national income
D
real per capital income
Explanation

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Correct option: B
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Question 27
A
savings over time
B
investment over time
C
population over time
D
output over time
Explanation

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Correct option: D
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Question 28
A
lack of infrastructural facilities
B
rural-urban migration
C
inadequate supply of fertilizer
D
low level of technology
Explanation

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Correct option: B
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Question 29
A
land use system
B
inadequate supply of farm inputs
C
low income of farmers
D
limited research on seedlings
Explanation

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Correct option: B
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Question 30
A
skilled labour
B
power
C
infrastructural facilities
D
limestone
Explanation

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Correct option: D

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