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economics Practice tests Neco, Jamb, Wascce,SSce, Sat, Gre, Toefel, Gmat Online

Practice economics tests question Below by selecting the right option.


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A profit-maximizing monopolist should produce within the range where his demand is




unitary elastic
B


inelastic
C


elastic
D

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In the long run, the equilibrium point of a monopolistic firm is a point where the




supply curve is tang
B


demand curve is tang
C


marginal cost curve
D

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In a particular year, the sum of the value added in each sector of the economy was N4, 550 million. The amount represents the GNP measured by the




expenditure approach
B


factor-price approac
C


income approach
D

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