#1
JAMB2025
A budget is balanced when expected total revenue is
- Aless than total expenditure
- Bgreater than total expenditure
- Cgreater than expected expenditure
- Dequal to expected expenditure
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#2
WAEC2021
People who dispose of their assets are expected to pay ______________
- Avalue added tax
- Bcapital gains tax
- Cexpenditure tax
- Dsales tax
#3
WAEC2016
The rate at which a country's export is exchanged for her imports is
- Atrade balance
- Bbalance of payment
- Cterm of trade
- Dbalance on current account
#4
JAMB2010
In developing countries, governments influence the location of industries in order to
- Aspread development
- Bredistribute wealth
- Cencourage enterpreneurs
- Dencourage industries to earn high profits
#5
WAEC2005
Acceptability, durability, homogeneity and portability are all attributes of good
- Amarkets
- Bmoney
- Cbanks
- Dgovernment
#6
JAMB2001
A vertical supply curve indicates that?
- Athe quantity supplied is responsive to price
- Bthe same fixed quantity will be supplied no matter the price
- Can increase in price will result in an increase in the quantity supplied
- Dthere is a fixed price for the commodity below which no supply will be made
#7
JAMB1995
What is meant by labour supply?
- ANumber of people in working population
- BNumber of men and hours they work
- CNumber of hours during which the middle aged persons work
- DNumber of workforce multiplied by the hours they work
#8
WAEC1988
in any economic system , which of the following is not an economic problem?
- Awhat goods and services to produce
- Bfor whom to produce goods or services
- Cwhat techniques of production to be adopted
- Dequal distribution of goods and services
- Ehow to ensure that the economy grow over time