f ECONS 101 ~ EDU-MADE-EASY BLOG

ECONS 101



REVISION QUESTIONS

Hey Readers, Thank God Its Friday Again & lAST dAY OF THE mONTH OF jULY!!!!... It's always the Feeling of Friday, The Feeling of Now i can Relax, so before we do, lets revise some questions in the spirit of Holiday. We are continuing the Revision of Questions of WAEC, JAMB, GCE etc. 

So Let's get Started....

25. The Difference between the Number of Immigrants and Emigrants is?
a. Natural Growth Rate
b. Natural Increase
c. Net Migration                  
d. Census.

26. All the Following are Features of Optimum Population except
a. Full Employment of Available Resources
b. Unlimited Amount of Unexploited Resources
c. Maximum per Capita Production and Income
d. High Standard of Living.

27. The Financial Institution that specialises in risk spreading is called
a. An Investment Bank
b. A Development Bank
c. An Insurance Company
d. The Stock Exchange.

28. Which of the Following Features best describes Peasant Agriculture in West Africa?
a. It Specialises in the Production of One Crop
b. It Involves the use of Small Farm Holdings
c. It is a Capital-Intensive System of Farming
d. It is mostly associated with Tree Crops.

29. The Following are means of Reducing the Population of a Country except encouraging
a. Emigration
b. Family Planning
c. Early Marriage
d. Sex Education.

30. One of the Problems facing Industrial Development in West Africa Countries is
a. Inadequate Large Market
b. Inadequate Infrastructure
c. Inadequate Supply of Labour
d. Unavailability of Natural Resources.

31. In a Situation where the Finished Product of an Industry is Fragile, Bulky and Perishable, such an Industry should be located close to its?
a. Raw Materials
b. Market
c. Labour Supply
d. Power Supply.

32. If Y=Income, C=Consumption, I-=Investment, X=Export and M=Import, then National Income is?
a. Y=C - I + (X + M)
b. Y=C + I + (X + M)
c. Y= C + I + (X - M)
d. Y= C + I + (M - X).

33. The National Income is the ?
a. Gross Domestic Product at Market Prices
b. Gross National Product at Factor Cost
c. Net National at Factor Cost
d. Net National Product at Market Prices.

34. When Depreciation is deducted from Gross National Product, the result is?
a. Total National Income
b. Gross Domestic Product
c. Net National Product
d. Net Domestic Product.

35. Which of the following is not a Form of Money?
a. Coins
b. Bank Notes
c. Bank Balance
d. Bank Deposit.

36. A Price Index as a Statistics, measures?
a. How the Value of Money changes over time
b. The Volume of Currency in the Economy
c. The Exchange Rate of a Country's Currency
d. The Composition of Goods and Services.

NOTE:  THE QUESTIONS IN THIS POST WERE CULLED FROM WEST AFRICA EXAM COUNCIL 2012 PAPERS.. THANKS

This brings us to the end of today's session. Hope this was very helpful to you, leave a comment of what you think of this tutorial and Pls try to attempt the Questions on your own. Have a Blessed Day and Remember You are Amazing. God Bless.

7 comments:

  1. I lost my job few months back and there was no way to get income for my family, things was so tough and I couldn't get anything for my children, not until a met a recommendation on a page writing how Mr Bernie Wilfred helped a lady in getting a huge amount of profit every 6 working days on trading with his management on the cryptocurrency Market, to be honest I never believe it but I took the risk to take a loan of $800 and I contacted him unbelievable and I was so happy I earn $12,500 in 6 working days, the most joy is that I can now take care of my family I don't know how to appreciate your good work Mr. Bernie Doran God will continue to bless you for being a life saver I have no way to appreciate you than to tell people about your good services.
    For a perfect investment and good strategies contact Mr Bernie Doran via WhatsApp :+1(424)285-0682 or Telegram : @Bernie_doran_fx or Email : Bernie.doranfx01@gmail.com

    ReplyDelete
  2. I truly hope this message finds you in good spirits.

    I wanted to inform you of some fantastic news today: with the help of SPYHOST CYBER SECURITY COMPANY, I successfully retrieved my lost investment funds valued at $70,000 USD that was taken by scam syndicate called CBEX. It all began earlier last month when I was introduced to this fraudulent company known as CBEX by a close business associate who as well was not aware of this scheme being a scam. I fell for his deceptive promises and invested in the company. Thankfully, with the support of SPYHOST CYBER SECURITY COMPANY, I was able to uncover the scam before it was too late. The Experts successfully secured the funds quickly and effectively, and I am genuinely thankful for their expertise and support. Should you ever encounter or in a similar issue, you might consider reaching out to SPYHOST CYBER SECURITY COMPANY; I wholeheartedly recommend their services. The Expert's help was essential.

    Email; Spyhost@cyberdude.com

    ReplyDelete
  3. I’m a businessman from Lynchburg, Virginia, and I’ve always had an eye for promising investment opportunities. A while back, I came across a cryptocurrency platform that seemed too good to pass up. It promised high returns, and in the beginning, it actually delivered. I saw my profits growing, everything looked legit, and I felt like I had made a smart move.

    But things slowly started to change.

    When I tried to withdraw some of the money, I ran into all kinds of roadblocks. First, they said I needed to pay a small fee. Then it was a tax. Then another fee for “unlocking” my account. Every time I asked questions, they gave me excuses that sounded just believable enough. I kept holding on, thinking I was close to finally cashing out.

    In total, I ended up putting in \$267,000—before I realized I was never getting it back. That’s when it hit me. I had been scammed.

    It was a devastating moment. I felt completely helpless. I had worked hard for that money, and now it was gone—just like that. But then I heard about SPYHOST CYBER SERVICES. At first, I didn’t know what to expect, but I figured I had nothing left to lose. I reached out to them and explained my situation.

    To my surprise, they were incredibly professional from the very beginning. They took on my case, broke everything down for me, and assured me they’d do everything they could. And they meant it. In just 72 hours, they recovered all of my funds. Every last cent.

    I honestly couldn’t believe it. After everything I’d been through, SPYHOST managed to turn the situation around completely. I’m beyond grateful to them for their expertise and the way they handled everything.

    If you’ve been scammed like I was, don’t give up. Reach out to SPYHOST CYBER SERVICES. They gave me hope when I had none left—and they delivered.

    Below are the contact details through which you can reach them at;

    Email: ( Spyhost@cyberdude.com)

    Whatsapp: ‪‪+1 (228) 313‑3152‬‬

    Web :‪http://Spyhost.wixsite.com/spyhost

    ReplyDelete
  4. I lost $165,000 to a fake investment scam and thought it was gone for good. I was heartbroken and didn’t know who to trust—until I found SPYHOST CYBER SECURITY COMPANY. They were professional, honest, and gave me hope when I had none.
    In just 48 hours, they recovered every penny I lost.
    I couldn’t believe it—I was in tears. To my surprise, their hacking skills are incredible, and their service is top-notch. They truly changed my life and gave me a second chance.
    If you’ve been scammed, don’t give up.
    Reach out to them—they’re the real deal.
    Contact: [Spyhost@cyberdude.com]

    ReplyDelete
  5. It's difficult to determine whether suggestions are genuine because there are so many fakes and impostors. Contacting info(@)wizardlarryrecovery . com can undoubtedly assist you if you have lost money to scammers or been duped by fraudulent cryptocurrency investors. I had a hard time finding them. Thank me after you've done the same.

    Call or Text...+1(616) 292-4789 OR +447 (311) 146 749
    The website...Wizardlarryrecovery . com

    ReplyDelete
  6. It was a quiet Tuesday morning. I logged into my Bitcoin wallet like I had a hundred times before, expecting to check balances and plan trades. But instead of numbers, I saw a void — a zero balance staring back at me like a cruel joke.

    I blinked. Refreshed. Checked again. Still empty. Over $3,000,000…gone. Just like that. The air seemed to thicken around me. My heart raced. For a moment, I thought it was a glitch. But the harsh truth set in quickly: I had been hacked.

    The realization was crushing. This wasn’t just money. It was years of savings, strategic investments, and early adoption that I had poured my soul into. And now it had vanished in the blink of an eye, swept away like dust in the wind.

    I contacted my wallet provider. No help. Filed reports. Got silence. Every road led to a dead end. The blockchain — as transparent as it is — offers little mercy when it comes to reversing a malicious transaction.

    Days passed in a haze. Sleep eluded me. The thought that I had lost everything was like a weight I couldn’t shake.

    But just when despair threatened to become permanent, I stumbled on an article — a digital forensics firm had helped a tech entrepreneur recover his stolen crypto. At first, I was skeptical. There are too many scams promising hope only to exploit vulnerability. But something about the way they operated, their transparency and technical insights, gave me pause.

    They were called SPYHOST — a digital assets recovery group that specialized in crypto theft investigation and blockchain tracing. I sent a cautious email to: Spyhost@cyberdude.com.

    Within hours, I got a response. What followed was nothing short of extraordinary.

    They assigned a recovery specialist to my case. The team dissected the movement of my stolen BTC across the blockchain, mapping the laundering patterns through mixers, identifying exchange addresses, and even liaising with enforcement and security contacts when necessary.

    It felt like watching digital detectives at work — forensic, methodical, relentless.

    And then, ten days later, came the email that brought me to tears:

    “We’ve traced the stolen funds to cold wallets linked to a known laundering syndicate. Action has been taken. Check your wallet.”

    I logged in, my hands trembling. The familiar figure was back. My $3 million was restored.

    To this day, I still can’t quite put into words the mix of disbelief, gratitude, and awe I felt. I had prepared to move on with my life with nothing. Instead, I got everything back.

    So if you're reading this and facing a similar nightmare, know this: there is hope. Blockchain may be unforgiving, but the right expertise can turn the tide.

    Reach out to the team that helped me. You can contact them via email: Spyhost@cyberdude.com. They didn’t just recover my assets — they helped me reclaim my peace of mind.

    ReplyDelete
  7. How I Lost $135,000 in Crypto—and Recovered It

    I never imagined I’d lose $135,000 in USDT with one small mistake. But that’s exactly what happened when I accidentally sent the funds to the wrong wallet address—one with no history, no identity, and no way to reach.

    The moment I realized it, I felt sick. I refreshed the transaction over and over, hoping it was a mistake. It wasn’t. The money was gone, and every crypto user knows the rule that blockchain transactions can’t be reversed.

    I fell into despair. It felt like the end of everything I had worked for. And then, I was introduced to a cybersecurity firm called SPYHOST.

    Skeptical but desperate, I reached out. What followed blew me away. Their team was professional, calm, and impressively equipped. They didn’t promise miracles, but they took action. Using advanced tools and forensic techniques, they tracked the funds, traced the wallet activity, and within 48 hours, my crypto was fully recovered.

    I never thought recovery in crypto was possible until it happened to me. SPYHOST didn’t just bring back my funds; they gave me peace, clarity, and a second chance.

    If you ever find yourself in a similar situation, they can be contacted via:
    Email: [Spyhost@cyberdude.com]

    WhatsApp: +1 (228) 313-3152

    ReplyDelete