economics

Which of the following is not an advantage of government ownership of enterprises?

A. more capital is provided B. pricing policy may be in the interest of consumers C. Government workers may be…

5 years ago

Which of the following is not an advantage of localization of industries?

A. enjoyment of external economies B. development of subsidiary industries C. development of organized markets D. growth of conurbation E.…

5 years ago

The primary objective of Agricultural Credit Guarantee Scheme is the provision of?

A. guarantee for loans granted by banks for agricultural purposes B. agricultural inputs to facilitate credits from banks C. loans…

5 years ago

A situation of full employment exists when?

A. every adult is employed B. all adults who can work are employed C. all persons who have attained the…

5 years ago

Which of the following function of money makes it possible for any person to provide for old age?

A. medium of exchange B. stores of value C. measures of value D. unit of account E. standard for deferred…

5 years ago

The concept of economics efficiency primarily implies?

A. containing the maximum output from available resources at the lowest possible cost B. conserving our petroleum resources C. equity…

5 years ago

Which of the following is true of NEPA as a public corporation in Nigeria? It is

A. a solar energy distribution B. organized in a perfectly competitive market C. a duopoly D. a monopolistically competitive industry…

5 years ago

The definition of economics as ‘the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses’ was given by?

A. Adam Smith B. David Ricardo C. Lionel Robbins D. Thomas R. Mtithus E. Robert Giffen Correct Answer: Option C…

5 years ago

The borrowing rights of a member country of the International Monetary Fund are determined by?

A. the seriousness of the country's economic problems B. its balance of payments position C. its quota to the fund…

5 years ago

A situation in which a commodity is sold abroad below its cost of production in the home country is known as?

A. dumping B. counter trade C. bilateral trade D. trade liberalization Correct Answer: Option A - dumping

5 years ago