Economics Past QuestionsQuestion 266:The major characteristics of an undeveloped nation is A. Over-dependence on foreign products B. Dominance of the industrial sector C. High per capita income D. Efficient and sensitive financial sector Question 267:Which of the following is NOT among the financial institutions in Nigeria? A. Federal Mortgage Bank B. Microfinance Banks C. Insurance Banks D. Federal Ministry of Finance Question 268:Given 0.25, 1.25, 1.80, 1.110, 10.20, 10.15 and 1.55. Determine the range? A. 0.25 B. 10.00 C. 1.55 D. 9.95 Question 269:Given that the prices and quantities supplied in litres of petrol is expressed as Qs = 25 + 0 25P.Qs is the quantity supplied and P is price. Determine the quantity supplied when price per litre is N30 A. 50litres B. 32.5litres C. 30litres D. 35litres Question 270:From the diagram, determine the profit-maximizing output A. 600 B. 800 C. 900 D. 1000 |
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