economics

The non-bank financial institutions that are entrusted with workers contributions towards retirements are?

A. Mortgage institutions B. Investment companies C. Pension funds custodians D. Pension funds administrators Correct Answer: Option C - Pension…

4 years ago

An advantage of electronic banking is that it?

A. Enables many customers to operate joint accounts B. Reduces risk of bank fraud C. Enables a customer to operate…

4 years ago

The logical sequence of basic concepts in economics is?

A. Wants, scarcity, choice and opportunity cost B. Wants, choice, scarcity and opportunity cost C. Scarcity, wants, choice and scale…

4 years ago

If P = ½(Qs + 15). What is the quantity supplied at N9.00?

A. 33.0 B. 12.0 C. 3.0 D. 1.5 Correct Answer: Option C = 3.0

4 years ago

The term ceteris paribus implies that?

A. Resources are scarce B. Human problems can be solved C. Human beings are unpredictable D. All factors are fully…

4 years ago

An increase in the marginal cost of production causes?

A. A downward movement along the supply curve B. A leftward shift of the supply curve C. A rightward shift…

4 years ago

A firm incurs short-run costs when?

A. It cannot increase prices B. Operation is at its later stages C. Operation is at its early stages D.…

4 years ago

When a firm’s average revenue curve is downward-slopping; it’s price elasticity of demand will be?

A. Zero B. Greater than one C. One D. Between zero and infinity Correct Answer: Option C - One

4 years ago

The price per unit of a commodity to a buyer is the same as the?

A. Normal profit of the seller B. Average revenue of the seller C. Marginal cost of the commodity D. Marginal…

4 years ago

What is the median wage?

A. N8.00 B. N 5.00 C. N11.00 D. N6.50 Correct Answer: Option D - N6.50

4 years ago