1. Use the information below to answer questions.
When commodity X sold for N25 per unit, 50 units of commodity Y were purchased. With an increase in the price of commodity X to N50 per unit, the demand for commodity Y fell to 20 units.

Determined the cross elasticity of demand?

2. Which of the following is an example of derived demand?

3. In a capitalist economy, the economic problem of what goods to produce is decided mainly by?

4. In a capitalist economy, the economic problem of what goods to produce is decided mainly by?

5. Collectivism refers to the management of state enterprises in a?

6. The group of unemployed members of a community who are physically handicapped or disable, is generally classified under unemployment as?

7. If aggregate income is N500.00 and aggregate consumption is N400.00, this means that the average propensity to consume is?

8. The most important goal of OPEC is to?

9. The factor of production that has the highest degree of mobility is?

10. The Nigerian bank for commerce and industry is?

11. A major factor affecting the value of money is the?

12. The distance between the point (4, 3) and the intersection of y = 2x + 4 and y = 7 – x is

13. If 27^x+2 ÷ 9^x+1 = 3^2x, find x.

14. Convert 112₆ to a number in base three

15. Calculate the range of 20, -6, 25, 30, 21, 28, 32, 33, 34, 5, 3, 2, and 1.

16. If x₁₀ = 23₅  Find x

17. If line p = 5x + 3 is parallel to line p = wx + 5. Find the value of w.

18. Find dy/dx. If y = 3x³ + 2x² + 3x + 1

19. If a car travels 120km on 45 litres of petrol, how much petrol is needed for a journey of 600km?

20. Given U = {x: x is a positive integer less than 15} and P = {x: x is even number from 1 to 14}. Find the compliment of P.

21. Factorize k² – 2kp + p²

22. The two accounts that are normally opened in the head office when goods are transferred to a branch are?

23. The correct entries to record goods transferred to branch from head office is to debit?

24. The transactions relating to liquidation in partnership account is drawn by using?

25. A typical example of a real account is?

26. In a period of declining price, which of the following methods would result in higher profit?

27. Given:

Light expenses……………….N400
Purchases……………………N3,000
Sales……………………….N1,200
Creditors……………………N2,250
Debtors……………………..N50

Calculate the total of the trial balance?

28. The principle of double entry system ensures?

29. In a trial balance, income and liabilities are?

30. The term “accounting period” is used to refer to the

31. For this question, choose the option opposite in meaning to the word or phrase in italics

It is important not to let mistakes blight your life

32. For this question, choose the option opposite in meaning to the word or phrase in italics

The film was shot in decrepit police station.

33. For this question, choose the option opposite in meaning to the word or phrase in italics

Jumoke is fond of carping her sister

34. For this question, choose the option opposite in meaning to the word or phrase in italics

A cup of coffee invigorated him

35. For this question, choose the option opposite in meaning to the word or phrase in italics

It is Iudicrous to suggest that she was a government agent

36. For this question, select the option that best explains the information conveyed in the question.

By refusing the offer, he has just cut down his own throat

37. For this question, select the option that best explains the information conveyed in the question.

These job cuts are just the thin end of the wedge

38. For this question, select the option that best explains the information conveyed in the question.

Jumai will do well if she was given a fair crack of the whip.

39. For this question, select the option that best explains the information conveyed in the question.

Her death was a bolt from the blue to us

40. For this question, select the option that best explains the information conveyed in the question.

The students were nosing around.

41. Choose the option nearest in meaning to the underlined word(s).

Adigun’s jokes are always puerile?

42. Choose the option nearest in meaning to the underlined word(s).

Teachers of music believes in its therapeutic effect?

43. Choose the option nearest in meaning to the underlined word(s).

The man outran his wife when they heard the eerie sound?

44. Choose the option nearest in meaning to the underlined word(s).

The manager made disparaging remarks about the retiring officer?

45. Choose the option nearest in meaning to the underlined word(s).

Tortoises need cool climates and must have places where they can hibernate?

46. Choose the option that has the same consonant sound as the one represented by the underlined letter(s).

Preached?

47. Choose the option that has a different vowel sound from the others?

48. The man BOUGHT the newspaper.

49. Fill each gap with the most appropriate option from the lists provided.

The army officer said that more …… would be needed to prosecute the war?

50. Fill each gap with the most appropriate option from the lists provided.

If one perseveres ……. will surely succeed?