economics

Business organization in which the owners’ personal property may be forfeited in the event of bankruptcy are?

A. partnerships and limited liability companies B. partnerships and sole proprietorships C. cooperatives and sole proprietorship D. corporation and sole…

4 years ago

A long-term capital outflow is recorded in the balance of payment as a?

A. credit on the capital account B. credit on the current account C. debit on the current account D. debit…

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

The loans from the World Bank to developing countries are mainly to support?

A. capital-intensive technology B. the establishment of universities C. their infrastructure investment D. their level of consumption Correct Answer: Option…

4 years ago

The raising of funds by selling stocks to the public is called?

A. equity financing B. deficit financing C. loan financing D. debt financing Correct Answer: Option A - equity financing

4 years ago

The problem of planning in Nigeria is mainly in the?

A. implementation of the plans B. appraisal of the plans C. allocation of scarce resources D. articulation of the plans…

4 years ago

The price index computed between two time periods is given as 128%; This implies that the?

A. disposable income has increased by 28% B. living standards have fallen by 128% C. living standards have risen by…

4 years ago

The monetization policy of the Nigerian government is aimed at?

A. encouraging public servants to retire early and become self-employed B. transferring government's properties to retired public servants C. reducing…

4 years ago

In economics; production takes place only when?

A. producers sell to retailers B. value has been added to a commodity C. modern equipment is used D. consumption…

4 years ago

If elasticity of demand is greater than I and less than infinity; demand is said to be?

A. elastic B. perfectly inelastic C. inelastic D. perfectly elastic Correct Answer: Option A - elastic

4 years ago