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NECO offline past questions - All questions, answers & explanations in one app 25712
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
4586

Which of the following shows why individual demand curve for a good usually slopes downward from left to right?

  • A. More of commodities are offered for sale at a lower than higher prices
  • B. Marginal utility falls as consumption increases
  • C. The higher the price, the higher the quantity offered for sale
  • D. Prices are usually falling when demand is low
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4587

Multiplier can be described as

  • A. the ratio of change in an endogenous variable to the change spending
  • B. the ratio of variables that multiplies autonomous spending plus tax
  • C. the ratio of change in output to a change in autonomous spending
  • D. the ratio of variables that multiplies autonomous spending
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4588

Which one of the following measures the natural growth rate of population?

  • A. Natural increase - Birth rate + Net migration
  • B. Birth rate - Death rate
  • C. Birth rate/Death rate
  • D. Birth + Net migration = Death
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NECO offline past questions - All questions, answers & explanations in one app 25712
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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4589

In a two by two model of international trade, it is assumed that

  • A. both countries could gain from trade at the same time, but term of trade is inconsequential for the distribution of the gains
  • B. both countries could gain from trade at the same time, but the volume of the gains depends on terms of trade
  • C. neither country could ever gain from trade since term of trade is depends on the distribution of the gains from trade
  • D. both countries could gain from trade at the same time, and the volume of the gains does not depend on terms of trade
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4590

------------- is NOT the cause of balance of payments (BOP) deficits in Nigeria

  • A. Poor performance of non-oil sector
  • B. Export promotion
  • C. No import substitution strategies
  • D. High servicing of debt
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