economics

Which of the following are direct taxes?

A. Sale taxes B. Excise duties C. income and company taxes D. Tariff duties E. Commodity taxes Correct Answer: Option…

5 years ago

In the event of a limited liability company going into liquidation, each shareholder?

A. may lose a maximum of the amount he has invested B. lose nothing C. loses everything including his house…

5 years ago

A shift of the demand curve to the right when the supply curve remains constant, implies that?

A. both price and quantity demanded will increase B. only price increases C. both price and quantity demanded will decrease…

5 years ago

Dumping in Economics means the selling of goods in a foreign market?

A. at a price below that received in the home market B. at a price above that received in the…

5 years ago

Which of the following is the approximate working agent in Nigeria?

A. 1 - 15 B. 15 - 65 C. 30 - 40 D. 40 - 65 E. 65 and above…

5 years ago

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…

5 years ago

A major function of the middlemen in Nigeria is the distribution of?

A. commodities to all consumers regardless of income B. commodities to consuming centres C. economic welfare facilities to all D.…

5 years ago

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…

5 years ago

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

5 years ago

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…

5 years ago