NDA Economics 2010/2011 Past Questions

A non-specific factor of production is:

Which of the following is another expression for opportunity cost?

Which of the following definition of Economics is the most generally accepted?

Factors of Production are said to be specified when.

Total product refers to:

One of the aims of the Economic Community of West African States (ECOWAS) is the

The theoretical basis for international trade is the principle of

Which of the following, is not an objective of the African Development Bank (ADB)

One of the following is the correct characterization of the advanced market capitalist economy

The other appropriate name for the Third World Nations is

Which of the following is leakage out of a circular flow:

Which of the following is rot gain from petroleum in the Nigerian economy:

development plan covering a period of fifteen years is:

A foreign exchange market where there is the official operating side by side with The autonomous market is called:

The theoretical basis for international trade is:

Which of the following is not a characteristic of good money

Trade by barter means

Factor militating against improved agriculture in Nigeria are;

Which of these will cause the population to increase

Which of the following will you recommend to a country facing inflation

To facilitate the exportation of crude oil from Nigeria, special

In order to accelerate economic development, a country must

The reduction of high fertility rate is a measure in population control designed to make the

The efficiency of labour can be increased by:

if the labour force in a given community is 2,000000, the wage employment 200,000 and the unemployed are 80,000. what is the unemployment rate in the community?

The price paid for labour services is the

The distribution channel that contributes more to the cost production is

GNP is not a good measure of social welfare because there are unrecorded

in national income accounting, NNP is derived by subtracting from the GNP.

Money may not be accepted as a store of value if

Which of the following is the major function of the wholesaler?

In the distribution channels for goods and services, the middleman's mark-up margin provides a rough measure for the

Which of the Following reasons could induce a manufacturer to bypass the wholesaler in the distribution chairs

A major difference between a state-owned enterprise and a private enterprise is that the former

The divorce of ownership from control is a characteristic of

Capital provided by individuals to the firm by purchasing stocks is called

Which of the following factors is the most important in siting a petrochemical plant?

Which of the following will be the effect of allowing only economic factors to dictate the location of industries in Nigeria?

If the same basket of goods which cost ₦12.00 in 1985 cost ₦15.00 in 1987, the price index for 1987 is

Which of the following is likely to be inflationary?