JSS 2 Examination Economics

Welcome to your JSS 2 Examination Economics

.If a trader bought goods at #2000 and sold it at a profit of 40%.whst is the selling price?

2.Economics is a .......... Science.

2. A trade which involves re exporting of goods already brought into the country is called.....

3. The acronym POS means.....

The process of keeping office information secret from unconcerned persons is called...,

The office staff who stays in the first part of call where visitors make enquiry is the ....

Letters coming to an organization is referred to as.....mail

The visiting of people to places of interest for sight seeing.pleasure. and relaxation is called.....

The three major divisions of foreign trade are ....

The coming together of people for the purpose of trade.purchases or sale of goods and services is called

A type of commodity market I know is....

Banks give loans to customers who are able to provide...

Mails delivered by hands in an organization are recorded in. book

A type of market where one country's currency is negotiated against another country's currency is called

When goods are supplied more at a higher price and at particular point in time .it is as a result of....

Good s which give the same satisfaction when consumed are said to be ..

The fastest means of sending letters is by ...

Legal tender means.....

A price reduction given to a buyer who pays cash on the spot is known as ..

When a transaction takes place between the buyers and the seller.the seller must issue a/ an....

SUBJECTIVE

1In coming letters in an office are usually opened by the ..,...

A document issued to a person or buyer showing proof of payment is known as .......

Stalls,shop,open-air market are examples of ,......

A room usually located at the entrance of an organization where visitors are received is called.. .

Daily or weekly pay is called.......

Demand is said to be effective when.......

The intersection of demand and supply curves determines the .......price.

State the first law of demand

The reward of an entrepreneur is ....,.

THEORY: Answer all

Define a market and outline the four types of markets you know.

Define demand and mention any five factors affecting demand

What is trade?

b) Mention five aids to trade you know.

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