UI Economics 2012/2013 Past Questions

Which of the following is NOT part of the fixed cost of a firm

Which of the following is used to describe a payment representing a surplus in excess of transfer earnings?

A perfectly competitive firm produces the most profitable output where its

Advertising is the main technique used for effecting in a monopolistic competition

Output of a monopolist is usually determined at a point where

Product homogeneity is one of the characteristics of

Which of the following is compatible with a firm in a purely competitive market?

The difference between gross national product and net national product is equal to

The difference between the Gross Domestic Product and the Gross National Product is the

The multiplier is defined as

A decrease in aggregate spending in an economy will ultimately lead to

Money serves well as a store of value in an environment devoid of

The ability of deposit money banks to create money is mainly affected by

A document that shows the details of government revenue and expenditure in a year is called

The basic fiscal relation that exists among the three tiers of government in Nigeria is

The biggest source of government revenue in Nigeria is

A major obstacle to economic development is

A sustained increase in the per capita income of a country over a period of time is called

In recent years, Nigerian economy has been registering a spectacular growth in.... sector in the last ten years.

Nigeria, being a developing African country in the sub-Sahara, has put together a development blue-print called Vision 20:2020 which can ensure that the country becomes

The major objective of economic growth is to

The most common index used for measuring development is

Which is NOT a direct effort to increase agricultural production in Nigeria?

Which of the following sectors of the economy is estimated to be the largest employer of labour in the country?

Industries contribute to national economic development because they