economics

In recent years, Nigeria’s balance of payments has continued to register a deficit due to?

(i) increased government overseas' spending. (ii) increasing prices of exports. (iii) rising import prices . (iv) more payment to overseas'…

5 years ago

The organization which provides credit to help countries achieve short-term balance in their balance of payment is the?

A. Economic Community of West Africa States B. International Monetary Fund C. International Bank for Reconstruction and Development D. African…

5 years ago

Counter trading is an international arrangement whereby?

A. goods and services are exchanged in a manner similar to barter B. goods and services are sold on the…

5 years ago

Which of the following classes of goods accounts for largest proportion of Nigeria’s imports?

A. Food and animal products B. Consumers goods C. Chemicals D. Machinery and transport equipment Correct Answer: Option D -…

5 years ago

The most important factor ensuring economic development is the?

A. effective mobilization of domestic savings B. presence of foreign capital C. formulation of appropriate government policies D. attraction of…

5 years ago

The major determinant of the total volume of output in an economy is the?

A. level of wholesale prices B. size of the labour force C. level of total expenditure D. composition of consumer…

5 years ago

Privatization of government-owned companies means the?

A. relinquishing of government equality participation to private individuals B. recapitalization of distressed government-owned companies C. joint participation of government…

5 years ago

The total money values of all goods and services produced in a country during a certain period is measured by using the?

A. income method B. expenditure method C. output method D. factor method Correct Answer: Option C - output method

5 years ago

One of the factors which is likely to check the growth of public debts is?

A. bridging the resources gap B. debt reputation C. debts rescheduling D. debt-equality swap Correct Answer: Option D - debt…

5 years ago