economics

The OPEC marketing policy of fixing minimum price allows members to?

A. sell above minimum price B. sell below minimum price C. determine the price and quantity to sell D. negotiate…

4 years ago

The population of a country will decrease if?

A. the death rate exceeds the birth rate B. immigration is equal to emigration C. the birth rate exceeds the…

4 years ago

The active population of a country determines the size of its?

A. economic resources B. national income C. labour force D. gross domestic product Correct Answer: Option C - labour force…

4 years ago

Joint-stock companies can raise funds from?

A. the money market B. the capital market C. various sources D. government Correct Answer: Option C - various sources…

4 years ago

The economic policy of privatization came up as a result of the poor performance of?

A. commercial banks B. small-scale businesses C. public enterprises D. private enterprises Correct Answer: Option C - public enterprises Explanation…

4 years ago

The activities in the oil and gas industry are classified into?

A. exploration and transportation B. upstream and downstream C. discovery and extraction D. onshore and offshore Correct Answer: Option B…

4 years ago

The exports-promotion strategy is aimed at producing?

A. consumer goods originally imported B. machinery for industries C. more goods for exports D. more goods domestic consumption Correct…

4 years ago

A major consideration in locating a cement factory is the availability of?

A. skilled labour B. power C. infrastructural facilities D. limestone Correct Answer: Option D - limestone Explanation A major determinant…

4 years ago

A major impediment to the development of agriculture in Nigeria is?

A. land use system B. inadequate supply of farm inputs C. low income of farmers D. limited research on seedlings…

4 years ago

One of the effects of instability in farmer’s income in Nigeria is?

A. lack of infrastructural facilities B. rural-urban migration C. inadequate supply of fertilizer D. low level of technology Correct Answer:…

4 years ago