BUK Economics 2020/2021 Past Questions

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

If supply and demand established a price fern good such that there is no shortage or surplus of good then the price is successfully performing its _________ functions.

In a capitalist economy, the economic problem of what goods to produce is decided mainly by:

Liquidation of a limited liability company implies that the ____.

Production cost such as rent, depreciation and interest are referred to as

Which of the following is not a type of economic integration?

The type of production that involves the tapping and harnessing of natural resources is

A fall in national output will necessitate

The law of diminishing marginal utility applies to a

When depreciation is deducted from gross national product, the result is