NDA Economics 2019/2020 Past Questions

Efficiency of labor is enhanced by

Devaluation helps in checking adverse balance of payments if the

Gains from trade depends on

Favorable terms of trade is important to a country because it facilitates

The tax which takes an increasing fraction of income as income goes down is called

Which of the following is used for measuring national income?

When a firm is reaping economies of large-scale production, it experiences a fall in its

The most important factor determining the location of the cement industry in Nigeria today is

The most basic concern of economist is to

The money market is a financial market that specializes the provision of

Product homogeneity is one of the characteristics of

A normal good with close substitutes is likely to have its price elasticity of demand

To calculate the annual natural growth rate of a country's population, one has to know the country's annual birth rate and

........... is the term that describes the cost of one product in terms of forgone production/acquisition of others.

The sum of all the marginal utilities a consumer derives from the consumption of extra units of a commodity is known as:

Which of the following is a function of money? It is

Devaluation means

A government treasury bill is a form of debt instrument which falls due for repayment after

Money becomes a very poor store of value in period of

Which of the following is not regarded as money in economics

Land is a most significant factor in terms of contribution to the economy because

In perfect competition, the marginal cost curve intersects the average cost curve

The greatest disadvantage of the barter system is the need for

Who bears the greater burden of the indirect tax when the demand for a commodity is inelastic? The

Consumers are referred to as "the king" in which of these economic systems?

By 'trade by barter', we mean

Gains from trade depends on

International and inter-regional trade differ primarily because

Surplus in the balance of payments lead to

The expression 'Terms of Trade' is used to describe

A stock variable is measured;

when lump-sum tax is paid by a producer, it means that;

which the following is not correct

Normal profit means:

which the following is no true of price mechanism

In economics, aggregation means:

Which of the following is a part of macroeconomic study

A microeconomic decision can include

The main economic objective behind the production of goods and services in any economy is to

In market economic resources are allocated through the