Economics Past Questions and Answers

Mr. Patrick’s income is N900 while that of Mr. Shodawe is N1,300. if Mr. Patrick and Shodawe pay N90 and N130 as taxes, the tax system is

Which of the following is not a type of unemployment

\(\begin{array}{c|c} \text{Units of variable factor} & \text{Total Product} \\ \hline 1 & 25 \\ \hline 2 & 31 \\ \hline 3 & 40 \\ \hline 4 & 48 \\ \hline 5 & 55 \\ \end{array}\) The marginal product at the fifth variable factor is

The financial institution known as a building society is

A line in commodity space which shows the constraints imposed by his budget, his money income and the price of goods purchased is