economics

The difference between the Gross Domestic Product (GDP) and the Gross National Product (GNP) is the?

A. allowance for total depreciation B. total interest payment C. net income from abroad D. total tax and interest payment…

5 years ago

The decision to consume more of one product swill under normal circumstances imply that?

A. more of another product will be consumed B. less of something else will be consumed C. no other product…

5 years ago

A Nigerian household demand curve for semovita is downward sloping because?

A. the demand for semovita is high B. the local markets are flooded with semovita C. semovita is produced in…

5 years ago

Mono-products economics are those that?

A. have a rich culture heritage B. produce only raw materials C. live on the exportation of their raw products…

5 years ago

Which of the following pairs can be referred to as middlemen?

A. wholesalers and agents B. Retailers and consumers C. Consumers and agents D. Wholesalers and retailers E. Wholesalers and consumers…

5 years ago

Which of the following is not a set of measures of central tendency?

A. Mode and Median B. mean and median C. Mean and mode D. Median and percentage E. Mode, mean and…

5 years ago

If a person supplements his current income by drawing on past savings in order to make both ends meet, he is said to be living?

A. good life B. an average life C. on his savings D. a reckless life E. on borrowed money Correct…

5 years ago

The central banks controls commercial banks through all the following measures except?

A. The uses of directives B. The use of bank rate C. Open market operations D. Accepting deposits E. Demanding…

5 years ago

If the foreign exchange rate is N80 to £1, then a bicycle bought for £40 will cost?

A. N15.00 B. N60.00 C. N100.00 D. N250.00 E. N320.00 Correct Answer: Option E - N320.00

5 years ago