International trade is necessary mainly because?
A. no country can live in economic isolation B. different countries are endowed with the same nature; and man-made resources C. some countries have comparative cost advantage in the production of certain commodities D. the world demand for and supply of various...
Which of the following is not a reason why people migrate from one place to another?
A. to find jobs and improve their standard of living B. To live in a more suitable climate C. For the sake of change and adventure D. to escape from a religious. political or social situation in a country E. To buy foreign goods for sale in their country Correct...
Which of the following is not regarded as money in Economics?
A. Coins B. Currency notes C. bank deposits D. cheques E. Naira and Kobo Correct Answer: Option D – cheques
A government treasury bill is a form of debt instrument which falls due for repayment after?
A. 3 months B. 9 months C. 2 years D. 5 years E. 10 or more years Correct Answer: Option A – 3 months
If an economy is growing at an annual rate of 7% and 4% of it is known to be due to the improvement in labour ans capital combined, the balance of 3% is usually attributed to?
A. land and entrepreneur B. abundance of natural resources C. level of human capital D. technical progress and related factors E. discipline in political leadership Correct Answer: Option C – level of human capitalProducts
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