economics

Disguised unemployment?

A. is a statistical artifact with no economic meaning B. can be eliminated if the capital-output ratio is increased C.…

5 years ago

Distribution involves the?

A. movement of raw materials to production centres B. transfer of goods and services from one market to another C.…

5 years ago

One major function of the Central Bank is to?

A. mint money B. hold demand deposit and honour cheques C. act as a medium of exchange D. create money…

5 years ago

Which of the following is not done by the NNPC?

A. production of crude oil B. Refining of crude oil C. Exploration for crude oil D. Exploitation of crude oil…

5 years ago

Which of the following best describes the budget? A

A. plan of government's needs and expenditure for a year B. detailed estimate of government financial operation for a year…

5 years ago

The concentration of industries in one place is referred to as?

A. location of industries B. multiplication of industries C. pluralization of industries D. proliferation of industries E. localization of industries…

5 years ago

Which of the following are determinants of the rate of population growth?

A. Birth rate, immigration and death rate B. birth rate, death rate and emigration C. Death rate, birth rate and…

5 years ago

When a country has a large labour force, it is beneficial to use a method of production which is?

A. capital intensive B. land intensive C. labour intensive D. mechanically intensive E. technically intensive Correct Answer: Option C -…

5 years ago

When a business has an unlimited liability?

A. the owners are not responsible for all its financial debts B. all its profits can be taxed by the…

5 years ago

One of the greatest demerits of the middlemen in Nigeria is that they?

A. increase the price of goods and services at will B. Sell in small units only C. Store goods in…

5 years ago