UNN Economics 2018/2019 - Model 2 Past Questions

In economics, production takes place only when

The problem of planning in Nigeria is mainly in the

Economic growth is different from economic development because economic growth

The factor responsible for the current inflationary pressures in Nigeria is the

Minimum wage legislation will result in

The marginal productivity theory applies in a

The organisation whose aim is to solve the trade problems of less developed nations is

A characteristic common to partnership and sole proprietorship is

The market structure in which there is interdependence of price-output policies is

A perfectly competitive firm is advised to close down when the

The price index is calculated as

If the Central bank of Nigeria reduces the bank rate, this will cause

The burden of a government tax on a commodity whose demand is inelastic will

Derived demand is normally used with reference to

A distribution is said to be positively skewed if it