economics

Hoarding in distributive trade leads to?

A. non-availability of commodities B. production of inferior goods C. increase in the supply of goods D. decrease in the…

5 years ago

Which of the following is not true of a firm in equilibrium condition in perfect competition?

A. MC is rising B. MC curves cut AC curves from below C. MR>AR D. MC = AC E. MR…

5 years ago

The outward shift to the production possibility curve could be due to?

A. military conquest B. increased money supply C. inflation D. economic growth E. massive importation Correct Answer: Option D -…

5 years ago

The developments banks are essentially different from commercial banks because they?

A. medium and long term loans B. open current accounts for their customers C. discount bills of exchange D. are…

5 years ago

All the following are different forms of money except?

A. bank notes B. demand deposits C. coins D. currency E. bank sellers Correct Answer: Option E - bank sellers

5 years ago

The foregone alternative in Economics is simply the?

A. marginal cost B. cost of foreign products C. total cost D. opportunity cost E. average cost Correct Answer: Option…

5 years ago

The indigenisation policy in Nigeria is aimed at?

A. nationalizing foreign businesses B. alternating foreign investors C. commandeering foreign businesses in Nigeria D. expelling foreign investors and taking…

5 years ago

The largest employment sector in a typical West African country is?

A. construction B. transportation C. petroleum D. agriculture E. manufacturing Correct Answer: Option D - agriculture

5 years ago

Which of the following is a function of commercial banks?

A. issuing currencies B. accepts deposits C. Are the bankers' bank D. Determine the rate of interest E. increase of…

5 years ago

Inflation caused by increase in demand can be curbed by?

A. exporting more goods and services B. hoarding of goods C. increasing the level of output D. increasing the level…

5 years ago