economics

Population density is described as the?

A. average number of people per square kilometre B. average number of people in a country C. total population excluding…

4 years ago

In a particular year, the sum of the value-added in each sector of the economy was N4550 million. The amount represents the GNP measured by the?

A. factor-price approach B. output approach C. income approach D. expenditure approach Correct Answer: Option B

4 years ago

Idle cash balances are held for?

A. planned purchases B. the purchase of bonds C. the purchase of shares D. unplanned purchases Correct Answer: Option D…

4 years ago

A discount house is a market where?

A. various bills are exchanged B. short-term and medium-term loans are obtained C. shares are bought and sold D. short-term…

4 years ago

A major assumption in a perfectly competitive market is that?

A. the number of buyers and sellers is small B. individuals cannot influence prices C. the quality of products remains…

4 years ago

Above full employment level; an expansionary monetary policy will lead to a?

A. decrease in aggregate supply B. fall in the inflation rate C. rise in the inflation rate D. fall in…

4 years ago

In the long run; the equilibrium point of a monopolistic firm is a point where the?

A. marginal cost curve is tangential to the average fixed cost curve B. demand curve is tangential to the average…

4 years ago

The regulatory authority of the capital market in Nigeria is the?

A. Central Bank B. Securities and Exchange Commission C. Nigerian Deposit Insurance Corporation D. Stock Exchange Market Correct Answer: Option…

4 years ago

A constraint on the expansion of a firm is the?

A. Rate of advertisement B. Level of producers income C. Tastes of the consumers D. Size of the market Correct…

4 years ago

What is the average product when 3 men are employed?

Number of Men 1 2 3 4 5 6 7 8 Total product (Unit) 200 440 540 600 640 660…

4 years ago