economics

Which of the following are not agents of distribution?

A. Wholesalers B. Retailers C. Consumers D. Government agencies E. Cooperative societies Correct Answer: Option C - Consumers

5 years ago

Which of the following statements is not true of cheques? They

A. provide an alternative to carrying large sums of money around B. can be written out for any amount needed…

5 years ago

The notion of short-run and long-run periods is responding for grouping cost into?

A. fixed and variable B. implicit and explicit C. average and total D. capital and running E. money and opportunity…

5 years ago

Which of the following statements is not true of capital income?

A. it helps in the assessment of standard of living B. it is calculated as National Income Population C. It…

5 years ago

Which of the following is not a member of OPEC?

A. Indonesia B. Iran C. Venezuela D. United Arab Emirates E. Egypt Correct Answer: Option E - Egypt

5 years ago

The price and quantity of crude oil and petrol sold to other countries by Nigeria is fixed by the?

A. ECOWAS B. IMF C. OPEC D. NNPC E. ECA Correct Answer: Option C - OPEC

5 years ago

Regressive tax is not a good tax system because it?

A. Is not convenient to pay B. Is not certain what to pay C. Is not economical to collect D.…

5 years ago

Limited liability in Economics means that?

A. a shareholder's liability in the event of debt or bankruptcy is limited to the amount he has invested B.…

5 years ago

The Joint Stock Company can be a company whose minimum membership is?

A. 2 B. 5 C. 7 D. 10 E. 20 Correct Answer: Option A - 2

5 years ago

The theory of consumer behavior is based on all the following assumption except that the?

A. Consumer is assumed irrational B. Consumer taste remains constant C. Consumer has budget constraint D. Consumer aims at maximizing…

5 years ago