Search SchoolNGR

Monday, 06 April 2026
Register . Login

Economics Past Questions and Answers

Economics Questions

Question 1186:
The international Bank for Reconstruction and Development is important to developing countries because it?
  • A Gives loans to member countries for legal proceedings
  • B Offers grants and aid for defence
  • C Offers loans to member countries for socio-economics activities
  • D Offers grants and aid to finance luxury projects
View Answer & Explanation
Question 1187:
Given an output of 3 units, the average is
  • A N16.00
  • B N18.00
  • C 20.00
  • D 24.00
View Answer & Explanation
Question 1188:
Determine the marginal revenue if the total revenue is 80.00
  • A 6.00
  • B 12.00
  • C 14.00
  • D 18.00
View Answer & Explanation
Question 1189:
In the diagram, the marginal propensity to consume (MPC) is equal to
  • A \(\frac{RP}{TP}\)
  • B \(\frac{TP}{RP}\)
  • C \(\frac{RT}{RP}\)
  • D \(\frac{RT}{TP}\)
View Answer & Explanation
Question 1190:
In the diagram above, what is the lowest possible price the monopolist could charge and still break even without there being excess demand?
  • A Pd
  • B P2
  • C P3
  • D P4
View Answer & Explanation