Being a member of the OPEC; Nigeria is in a favorable position to?

5 years ago

A. export her crude oil B. control world crude oil prices C. reap the benefit of a cartel D. borrow…

Exclusions that makes Gross National Product a poor measure of welfare are?

5 years ago

A. government purchases B. government military outlays C. wages and salaries D. housewives services Correct Answer: Option D - housewives…

Which of the following is used for measuring national income?

5 years ago

A. Output, income and wages B. Import, expenditure and output C. Income, output and expenditure D. Export, Import and output…

The major function of the wholesaler to his customers is?

5 years ago

A. breaking of bulk B. offering personal services C. stocking a variety of goods D. providing transport facilities Correct Answer:…

A major effect of a long distribution chain is?

5 years ago

A. high retail prices B. scarcity of commodities C. low retail prices D. low producer earnings Correct Answer: Option B…

Firms continue to employ workers until the wage rate equals the?

5 years ago

A. average product of labour B. marginal revenue product of labour C. total product of labour D. sum of marginal…

The age distribution of a country’s population determines the?

5 years ago

A. ratio of the dependent to the working group B. total age of all working-class adults C. male-female ratio D.…

A well conducted census is important for?

5 years ago

A. effective defense B. effective revenue generation C. good economic planning D. optimum population Correct Answer: Option C - good…

As a producer’ association; the OPEC expects its members to maintain production where marginal cost is?

5 years ago

A. greater than price B. less than price C. equal to price D. equal to average cost Correct Answer: Option…

The Nigerian economy is mono-cultural because government revenue is derived mainly from?

5 years ago

A. agriculture B. manufacturing C. coal D. crude oil Correct Answer: Option D - crude oil