economics

The problems of conducting census include?

A. high rate of rural-urban migration B. poor geographical distribution of population C. high birth rate in the country D.…

5 years ago

What to produce in any society is determined by the?

A. expenditure of the people on different commodities B. competition among the different producers C. competition among the different consumers…

5 years ago

The ultimate objective of Economics is to?

A. make an effort to understand how the economy works B. make the best use of scarce resources C. organize…

5 years ago

The International Monetary Fund (IMF) is an international organization which?

A. gives annual grants to all developing countries B. assist countries to solve their balance of payment problems C. execute…

5 years ago

The United Nation Conference on Trade and Development (UNCTAD) is a forum designed specifically for discussing the?

A. political conflicts in the United Nation Security Council B. educational needs of the developed countries C. religious affairs in…

5 years ago

The international cartel formed to stabilize the world oil market is the?

A. Economic Commissioner for Africa B. International Monetary Fund C. Organization of Petroleum Exporting Countries D. Organization of Petroleum Importing…

5 years ago

The petroleum industry in Nigeria is an example of a?

A. capital-intensive industry B. service industry C. labour-intensive industry D. tertiary production industry E. localized industry Correct Answer: Option A…

5 years ago

Economic growth specifically refers to the?

A. reliance on imported goods in preference to home-made goods B. sustained increase in the output of goods and services…

5 years ago

Who bears the greater burden of the indirect tax when the demand for a commodity is inelastic? The

A. wholesaler B. shareholders C. retailer D. consumers E. entreprenuer Correct Answer: Option D - consumers

5 years ago