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Economics Past Questions


Question 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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