Search SchoolNGR

Economics Past Questions and Answers

Classroom

Economics Questions

Question 2381:

Which of the following is not a set of measures of central tendency?

SchoolNGR Classroom

A Mode and Median
B Mean and median
C Mean and mode
D Median and percentage
E Mode, mean and median

View Answer & Explanation

Question 2382:

which of the following pairs can be referred to as middlemen?

SchoolNGR Classroom

A Wholesalers and agents
B Retailers and consumers
C Consumers and agents
D Wholesalers and retailers
E Wholesalers and consumers

View Answer & Explanation

Question 2383:

Mono-products economics are those that

SchoolNGR Classroom

A Have a rich culture heritage
B Produce only raw materials
C Live on the exportation of their raw products
D Produce one main commodity
E Specialize in agricultural industries

View Answer & Explanation

Question 2384:

A Nigerian household demand curve for semovita is downward sloping because

SchoolNGR Classroom

A The demand for semovita is high
B The local markets are flooded with semovita
C Semovita is produced in Nigeria
D Every household can afford to buy semovita
E The higher the price of semovita, the lower the quantity demanded

View Answer & Explanation

Question 2385:

To the economist a stock of goods existing at a a particular time and conforming to certain requirements such as having utility, money value and being limited in supply , is known as

SchoolNGR Classroom

A Consumer goods
B Products
C Wealth
D Commercial goods
E Durable goods

View Answer & Explanation

Stay Updated

Follow us on:

Subjects