economics

Which of the following are resources for holding money instead of investing it?

I. Transaction motive II. Precautionary motive III. Speculative motive IV. Liquidity motive A. I and II only B. I and…

5 years ago

Economics can be best defined as the study of?

A. how to spend the family income efficiently B. how to find a minimum cost of production C. the interpretation…

5 years ago

Which of the following is not an argument for locating industries in rural areas?

A. Rural areas supply agricultural raw materials B. the pace of development of rural areas will be quicken C. Employment…

5 years ago

Palm oil industry in located in Edo State because the state?

A. imports raw materials for the industry B. has a poor soil which is unsuitable for other crops C. is…

5 years ago

Which of the following statements is not true in an inflationary period?

A. the purchasing power diminishes B. Wages rise simultaneously with prices C. More money runs after a limited quantity of…

5 years ago

In a sole proprietorship decisions are made by the?

A. government B. owner C. shareholder's conference D. management E. board of directors Correct Answer: Option B - owner

5 years ago

Which of the following is a public corporation?

A. Roads (Nigeria) Plc B. National Oil and Chemical Marketing Co. Plc C. Union Bank of Nigeria Plc D. Volkswagen…

5 years ago

A tax is said to be good when?

A. it yields more revenue to the state at the expense of the people's ability to pay B. the cost…

5 years ago

The productivity of labour does not depend only on its own effort and efficiency, but also on?

I. the level of technical knowledge II. the quality of other factors III. racial qualities that allow persons from certain…

5 years ago

Which of the following is a function of money? It is

A. portable B. A standard of deferred payment C. relatively stable in value D. generally acceptable E. an easily divisible…

5 years ago