economics

A country exporting mainly primary products and with a high percentage of her labour force in agriculture is said to be?

A. developing B. developed C. poor D. underdeveloped Correct Answer: Option A - developing

4 years ago

Public debt is composed of?

A. internal debts and World Bank loans B. money owed to local and foreign contractors C. internal and external debts…

4 years ago

An aspect of taxation that involves normative economics is the?

A. tax rate B. effect on incentive to work C. fairness of the tax D. tax burden Correct Answer: Option…

4 years ago

A capital market differs from the money market in that in the former ____?

A. loan sought is short term B. loan repayment is guaranteed C. loan sought is long term D. the percentage…

4 years ago

Two principal ways by which banks can lend money to their customers are through?

A. loans and overdrafts B. loans and discounting bills C. overdrafts and cheques D. overdraft and treasury bills Correct Answer:…

4 years ago

A persistent rise in the general level of prices implies?

A. an increase in some prices B. a one-time rise in prices C. a steady fall in the purchasing power…

4 years ago

Being a member of the OPEC; Nigeria is in a favorable position to?

A. export her crude oil B. control world crude oil prices C. reap the benefit of a cartel D. borrow…

4 years ago

Exclusions that makes Gross National Product a poor measure of welfare are?

A. government purchases B. government military outlays C. wages and salaries D. housewives services Correct Answer: Option D - housewives…

4 years ago

Which of the following is used for measuring national income?

A. Output, income and wages B. Import, expenditure and output C. Income, output and expenditure D. Export, Import and output…

4 years ago