economics

The downstream activities of oil companies in Nigeria involve?

A. refining and distribution B. prospecting and exploration C. off-shore drilling D. management of spillage and pollution Correct Answer: Option…

4 years ago

The distinction between perfect competition and monopolistic competition is that the latter is characterized by?

A. a single market price B. many buyers and sellers C. product differentiation D. homogeneity of product Correct Answer: Option…

4 years ago

GDP differs from GNP because GDP?

A. is inclusive of depreciation B. emphasizes the final goods and service produced within the country at a particular period…

4 years ago

Which financial institution is charged with the formulation of monetary polices in Nigeria?

A. The Central Bank of Nigeria B. The Nigeria Deposit Insurance Corporation C. The Abuja Commodity Exchange D. The Lagos…

4 years ago

The capital market provides business firms with the avenue to?

A. lease capital equipment B. obtain long-term funds C. obtain short-term funds D. purchase capital equipment Correct Answer: Option B…

4 years ago

The primary function of non-bank financial institutions is to?

A. manage investment portfolios for government B. mobilize savings for investment C. grant loans to banks D. receive deposits from…

4 years ago

At the maximum point of the total product curve of a firm; marginal revenue is?

A. decreasing B. increasing C. constant D. zero Correct Answer: Option D - zero

4 years ago

The role of the Central Bank in the economic development of Nigeria is to?

A. give short-and medium-term loans to the public B. give financial and technical advice to customers C. use cheques and…

4 years ago

By advertising; a monopolistic competitive firm tries to shift its?

A. supply curve to the right B. demand curve to the right C. supply curve to the left D. demand…

4 years ago

Given that Y = C + I and C = bY where b = 0.8; what is the multiplier?

A. 5 B. 10 C. 4 D. 2 Correct Answer: Option A - 5

4 years ago