economics

As a country gets more developed; the percentage of labour engaged in agriculture tends to?

A. remain constant B. decrease steadily C. switch over to trading D. increase steadily Correct Answer: Option B - decrease…

4 years ago

The major purpose of African Development Bank is to?

A. provide loans for trade development B. provide loans for infrastructural development C. provide loans for development banks in distress…

4 years ago

One of the problems arising from the localization of industries is?

A. high prices of output B. the exportation of output C. the scarcity of foreign exchange D. structural unemployment Correct…

4 years ago

The present privatization policy in Nigeria is aimed at?

A. reducing income inequality B. reducing the prices of goods and services C. poverty alleviation D. increasing efficiency in production…

4 years ago

The types, sources and uses of government income are mainly concerned with?

A. public expenditure B. public revenue C. public budget D. public finance Correct Answer: Option D - public finance

4 years ago

One of the major factors militating against industrialization in Nigeria is the?

A. inadequacy of infrastructural facilities B. absence of government participation C. frequent breakdown of equipment D. failure to get foreign…

4 years ago

A deficit budget can be used to?

A. stimulate recovery from a trade depression B. protect the economy from inflation C. starve the economic of funds for…

4 years ago

ECOWAS has taken a giant step towards economic integration by?

A. presenting a united front against foreign economic exploiters B. introducing a common currency for travellers C. holding frequent meeting…

4 years ago

One of the major criticisms of the 1992-1968 National development Plan was that?

A. it failed to incorporate lessons gained from earlier plans to enhance its efficiency B. it came too quickly after…

4 years ago

Import substitution aims at?

A. substituting agricultural products with industrial ones B. substituting imports with agricultural exports C. the diversification of industries D. improving…

4 years ago