UNIZIK Economics 2009/2010 Day 1 Past Questions

The most frequently occurring value in a given set of data is the

'subsistence production' means that goods and services are

Warehouse facilities in the distribution and marketing of products are provided by

Which of the following is a reward to a factor of production?

Land is a factor of production because it

One of the advantages of large scale production is that

'Localization of industry' refers to the

Economics speak about 'opportunity cost' when a consumer

The costs which a firm will incur whether it is in production or not is referred to as

Which of the following is a liability of a commercial bank?

The value of money is best determined by its

which of the following is a function of merchant banks?

Who among the following will benefit from inflation?

Which of the following is a function of the central Bank of Nigeria?

a central argument of cardinal utility is that utility is

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

Which of the following is an example of derived demand?

At the point where marginal revenue of a monopolist is equal to zero, its total revenue will be

In a small scale business, the fixed cost is N5,000.00, variable cost is N15,000.00 and the output is 500 units. What will be unit cost on the goods?

A well conducted census is important for

In a free market system, trading can only take place when