economics

The savings deposit in a commercial bank is called?

A. Capital B. Fund C. Near D. Money E. Call money Correct Answer: Option D - Money

4 years ago

A profit maximizing monopolist should produce within the range where his demand is?

A. Inelastic B. Elastic C. Infinitely elastic D. Unitary elastic Correct Answer: Option C - Infinitely elastic

4 years ago

The difference in each country’s total output on specification is?

A. 16000 units B. 9000 units C. 8000 units D. 7000 units Correct Answer: Option D - 7000 units

4 years ago

Find the mean price of the distribution.

A. N54 B. N51 C. N56 D. N59 Correct Answer: Option A - N54

4 years ago

What is the median quantity?

A. 5kg B. 6kg C. 3kg D. 4kg Correct Answer: Option D - 4kg

4 years ago

Applying the law of comparative costs; how many units of groundnuts will Nigeria produce?

A. 7000 units B. 16000 units C. 9000 units D. 8000 units Correct Answer: Option C

4 years ago

An institution that regulates trade relations among members is the?

A. ADB B. OPEC C. EU D. IMF Correct Answer: Option B - OPEC

4 years ago

If government increases in its expenditure on public works; the desired effect is?

A. a reduction in the use of capital equipment B. an increase in the level of emploment C. an increase…

4 years ago

The factor responsible for the current inflationary pressures in Nigeria is the?

A. exchange rate depreciation B. increase in exports C. low per capital income D. budget surplus Correct Answer: Option A…

4 years ago

Economic growth is different from economic development because economic growth ______?

A. describes expansion and change B. is measurable but not objective C. describes expansion and not change D. is not…

4 years ago