JAMB/Economics/1997
One of the fundamental differences between a capitalist and a socialist economy is that while __________
A. The former is characterized by complete government ownership of resources, the latter is characterized by complete private ownership B. In the former, prices act as signal in the application of resources, it is the central authority that performs this function in the latter C. Taxes are levied in a capitalist economy, there is no taxation in a socialist economy D. Income and wealth are equally distributed in the socialist economy, this is not so in a capitalist economy
[B] In the former, prices act as signal in the application of resources, it is the central authority that performs this function in the latter
JAMB/Economics/1997
With a given level of money income, a consumer maximizes satisfaction from the consumption of goods and services when the ____________
A. Total utility derived from each good or service is increasing at an increasing rate B. Marginal utility derived from each good or service is increasing at the same rate C. Marginal utility derived per naira spent is the same for all the goods and services D. Total utility derived from all the goods and services is large
[C] Marginal utility derived per naira spent is the same for all the goods and services
WAEC/Christian religious studies/2004
The first four commandments teaches us about our
A. Duties to God B. Behaviors in the society C. Respect for fellow men D. Duties to the state
[A] Duties to God
WAEC/Biology/2009
The mesophyll layer of a leaf consists of
A. Wax and cutin B. Cells with lignified walls C. Irregularly shaped collenchyma cells D. Photosynthetic parenchyma cells
[D] Photosynthetic parenchyma cells
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NPA/English language/2002
The bride's-----------contained so much aside from her going away dress.
A. Box B. Luggage C. Trousseau D. Baggage
[C] Trousseau
NPA/English language/2002
May I send my child to _________ my suitcase?
A. Bring B. Bring down C. Fetch D. Carry
[C] Fetch
NDA/Government/1997
ECOWAS was founded in
A. 1975 B. 1974 C. 1973 D. 1976
[A] 1975
NDA/Government/2006
During the traditional politics in Nigeria, in which polity was rulership invariably a form of gerontocracy?
A. Hausa Fulani B. Yoruba C. Tiv D. Igbo
[D] Igbo