economics

The major role of multi-national companies in the petroleum industry in Nigeria is?

A. the establishment of refineries B. oil marketing and prospecting C. oil marketing only D. oil prospecting only Correct Answer:…

4 years ago

To compare the standard of living among nations; the most widely used economic indicator is the?

A. real gross national income B. real domestic output C. real per capita income D. per capita nominal income Correct…

4 years ago

IBRD as an international monetary institution is concerned with the?

A. improvement of trade among member nations B. development of infrastructure in member nations C. balance of payments problems of…

4 years ago

The effect of an increase in the personal income tax is to?

A. reduce unemployment B. raise the absolute price level C. reduce the disposable income D. distort the economy Correct Answer:…

4 years ago

Statutory organizations usually established by Acts of Parliament are called?

A. public corporations B. cooperative societies C. joint-stock companies D. public enterprises Correct Answer: Option A - public corporations

4 years ago

The effectiveness of devaluation as a solution to a balance of payments problem depends on the?

A. value of visible and invisible goods B. value of invisible items of both domestic and foreign trades C. relative…

4 years ago

Privatization and commercialization of public enterprise in Nigeria is necessitated by?

A. the IBRD conditions B. the government's loss of interest in them C. their operational inefficiency D. the IMF conditions…

4 years ago

A greater burden of the taxes on essential goods is borne by the?

A. lower income group B. higher income group C. contract workers D. newly recruited workers Correct Answer: Option A -…

4 years ago

The major objective of a revenue allocation formula in a country is to?

A. share revenue between the different tiers of government B. divert revenue from areas of surplus to areas of need…

4 years ago

Under a floating exchange rate regime; the determinant of the exchange rate is?

A. an Act of the National Assembly B. the highest denomination of the currency C. demand for and supply of…

4 years ago