Economics Exam j.s 1

Welcome to your Economics Exam j.s 1

ECONOMICS JSS1 EXAMINATION

1. Economics adopts scientific methods of science except _____

2) Adams smith was regarded as ____

3) The generally accepted definition of economics was given by _____

4) Economics is a ____

5) The limited supply of resource which are used for the satisfaction of unlimited wants is called_____

6) A system of choosing or selecting one out of a number of alternatives is called _____

7) Opportunity cost means ______

8) The horizontal line in plotting a graph is the _______

9) The pie-chart is measured using a mathematical instrument called _____

10) A type of graph I know is ____

11) A room where clerical work is done is an ______

12) One career prospect waiting for a business studies student I know is _____

13) Two sections in an organization I know are _______

14) The insatiable desire or need of man is called ______

15) ‘Ceteris Paribus’ means _____

16) A graph made up of bars of rectangle which are of equal width and whose length are proportional to the quantities they represent is called ____

17) Pie-chart or graph is measured in _______

18) The arrangement of data in tabular form to reflect their frequencies is called _____

19) Pictorial graph or graphs with pictures are called _____

20) In a general office the ------ is the head

PART B: SUBJECTIVE

1. Cost in terms of alternative forgone is called ___________

2. Two branches of economics I know are ________ and 3. ___________

4. The vertical line in any given graph represents the _______

5. Every graph must have ______

6. Economics is a social science because______

7. To have a positive state of mind at your work place is called_______

8. Adam smith put up a ‘Treatise’ named _______

9. One scientific method adopted by economist is ________

10. An example of large office I know is _________

PART C: THEORY

1a. Define an office

b. Mention the types of office

c. Identify the two sections in an organization

2 Write short note on these terms

a. Wants

b. Opportunity cost

c. Scale of preference

3. Using these numbers calculate the arithmetic mean 12,16,18 and 20.

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