economics

A public liability company is run on a daily basis by?

A. the chief executive B. the shareholders C. the board of directors D. financial consultants Correct Answer: Option C -…

4 years ago

The major problem confronting a sole proprietor is?

A. high level of risk B. limited expertise C. limited source of capital D. high taxation Correct Answer: Option C…

4 years ago

An important function of the World Bank is to?

A. provide short-run loans to members B. encourage trade between members C. promote capital-intensive production D. provide long-time loans to…

4 years ago

Guided deregulation as currently practiced in Nigeria implies that?

A. market forces determine interest and exchange rates B. government alone determines interests and exchange rates C. market forces and…

4 years ago

Dumping in international trade means selling a goods at a?

A. higher price at home than abroad B. lower price at home than abroad C. price that equates marginal cost…

4 years ago

According to the theory of comparative advantage specialization will result in?

A. labour-intensive method of production B. capital-intensive method of production C. efficient allocation of resources D. efficient distribution of output…

4 years ago

The major reason why countries strive to achieve optimum growth is to?

A. be self-sufficient B. raise general living standards C. raise the level of production D. reduce aggregate expenditure Correct Answer:…

4 years ago

The Basic Needs Approach to development is?

A. poverty alleviation B. provision of educational infrastructure C. provision of health services D. improvement in workers income Correct Answer:…

4 years ago

If government expenditure exceeds revenue; this result in?

A. balanced budget B. national debt C. budget deficit D. budget surplus Correct Answer: Option C - budget deficit

4 years ago

Cost-push inflation occurs when _______?

A. production cost is high B. factor prices decrease C. there is too much money in circulation D. government embarks…

4 years ago