economics

Gresham’s law in Economics shows that?

A. good drives out bad money B. bad money drives out good money C. the value of money varies inversely…

5 years ago

Inflation n the Nigeria economy may be fueled by increase in?

A. the dollar price of crude oil B. the sale of company shares C. government expenditure D. sale of government…

5 years ago

An increase in both the legal reserve ratio and discount rate has the effect of?

A. increasing the quantity of money in circulation B. decreasing the quantity of money in circulation C. increasing the value…

5 years ago

An indigenous company wholly owned by the federal government of Nigeria which currently engaged in prospecting for oil is?

A. the Nigerian National Oil Company B. Peak Petroleum Industries Nigeria Limited C. Nigeria Exploration and Production Company D. the…

5 years ago

Petroleum is the mainstay of the Nigerian economy because it is the?

A. main foreign exchange earner B. greatest employer of labour C. greatest contributor to the growth of agriculture D. source…

5 years ago

Labour-intensive strategy of industrialization emphasizes the use of?

A. steam energy in the process of production B. manual method of production C. synthetic raw materials D. hydro-electric power…

5 years ago

What is the term used to describe a policy aimed at promoting the local production of goods which are usually imported?

A. Deregulation B. import substitution C. Tariff reduction D. Backward integration Correct Answer: Option B - import substitution

5 years ago

The major factor that causes fluctuations in the supply of agricultural produce is?

A. high price B. pests C. weather variations D. rural-urban migration Correct Answer: Option C - weather variations

5 years ago

In the event of liquidation of a private limited liability company, the shareholders’ liability is limited in their total?

A. income from all sources B. family assets C. collateral offered for bank loans D. investment in the company Correct…

5 years ago

A major shortcoming of the sole proprietorship form of business is lack of?

A. working capital B. patronage C. continuity D. market Correct Answer: Option C - continuity

5 years ago