REVISION

Froggy Jumps

Parties jouées 3

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GRADE 12 STUDENTS

Adanri Anuoluwapo Anuoluwapo

Nigeria

#	Jeux	Précision	temps
1	Adanri Anuoluwapo Anuoluwapo 20 Mai 2026	% 63	02:43
2	Bunmi 13 Avril 2026	% 13	01:04

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REVISION


Froggy Jumps REVISIONVersion en ligne GRADE 12 STUDENTS par Adanri Anuoluwapo Anuoluwapo 1 Which of the following is not a form of money? a Promissory notes b Fiat coins c Bank note 2 . A flat tax rate of 10% levied per unit of a commodity is an example of a regressive tax. b ad valorem tax. c specific tax. 3 Commodities with negative income elasticities of demand are categorized as a substitute goods. b complementary goods. c inferior goods. 4 Which of the following factors is not a determinant of price elasticity of supply? a Consumers' income level b Government policy c Availability of labour 5 If the price of a commodity is higher than its marginal utility, the consumer will a buy more to minimize total utility. b buy more to add to average utility c consume less to increase marginal utility. 6 A factor that may cause the national income to be overstated is the a use of value-added method for its calculation. b inclusion of pension payments to retirees. c inclusion of wages of house-keepers. 7 Which of the following benefits is not applicable to economic integration? a Expansion of market size b Complete independence of each nation c Availability of a variety of commodities 8 If an individual refuses a lucrative job in another town because of ties to his family, this reason can be seen as an impediment to a vertical mobility of labour b horizontal mobility of labour c geographical mobility of labour