economics

The problem of small markets in West Africa can be solved through?

A. separate planning among the West African countries B. meaningful- co-operation among the West African countries C. political stability in…

5 years ago

Malthus’ contention is that?

A. population increase in arithmetic progression while food production increased in geometric progresion B. population increased in geometric progression whil…

5 years ago

The power of trade union may be weakened when there is?

A. optimum population B. a weak government in power C. over-population D. a civilian government in power E. under-population Correct…

5 years ago

An appropriate industrialization strategy in an under-populated country is?

A. import substitution B. capital intensive C. the contract method D. the use of foreigners in the factories E. labour…

5 years ago

The distribution of goods by the price system is distorted when?

A. there is a high degree of competition among producers B. producers and consumers operate freely C. factors of production…

5 years ago

In a joint-stock company the shareholders are the?

A. owners B. managers C. chief executives D. company advisers E. day-to-day decision-makers Correct Answer: Option A - owners

5 years ago

Which of the following is not a type of industry?

A. export B. construction C. Mining D. Manufacturing E. Transport Correct Answer: Option A - export

5 years ago

One of the advantages of localization of industry is that firms?

A. make abnormal profits B. are given tax holidays C. are unified under one management D. pay high wages E.…

5 years ago

The shape of the average cost (AC) shows that as production increases?

A. total cost decreases B. average cost decreases and then increases C. average cost increases D. marginal cost steadily increase…

5 years ago

To the economist, efficiency of resource use means?

A. the maximum use of resource to achieve minimum objectives B. the reduction of cost for adequate output C. relating…

5 years ago