economics

Which of the following yields more revenue to Nigeria?

A. Value added tax B. Royalties C. indirect tax D. Direct tax Correct Answer: Option C - indirect tax

4 years ago

One way of correcting the balance of payments problem of a country is to?

A. introduce import-promotion measures B. buy investments abroad C. devalue the currency D. de-emphasize import-substitution industries Correct Answer: Option B…

4 years ago

One of the roles of NNPC in the production and refining of crude oil is to?

A. secure maximum government revenue and regulate price B. prevent the smuggling of petroleum products C. satisfy the domestic consumption…

4 years ago

Some of the key indicators of underdevelopment in a country are?

A. poverty, high level of literacy and low income B. poverty, low level of literacy and low income C. low…

4 years ago

External finance for a limited liability company is mainly sourced through?

A. the leasing equipment B. the issuing of shares C. trade credits D. banks loans Correct Answer: Option A -…

4 years ago

The effect of an increase in demand for a commodity accompanied by a decrease in supply will be to?

A. raise the price of the commodity and affect the quantity in an indeterminate way B. decrease the equilibrium quantity…

4 years ago

Under conditions of perfect competition; a firm’s supply curve is determined by its?

A. total cost curve B. marginal cost curve C. variable cost curve D. fixed cost curve Correct Answer: Option B…

4 years ago

The economic policy of deregulation is aimed at encouraging?

A. a monopolistic market structure B. a duopolistic market structure C. a competitive market structure D. an oligopolistic market structure…

4 years ago

In the short-run; a firm marginal cost curve above the point of shut-down is its?

A. demand curve B. supply curve C. cost curve D. supply curve Correct Answer: Option B - supply curve

4 years ago

The benefits that accrue to a firm as a result of an improvement in the industry it belongs to are called?

A. internal economies of scale B. economies of scale C. market economies D. external economies Correct Answer: Option D -…

4 years ago