economics

If Nigeria imports vehicles from Japan the transaction will appear as a?

A. debit on Japan's balance of payments B. credit on Japan's balance of payments C. credit on Nigeria's balance of…

4 years ago

The primary motive for an individual engaging in production is to?

A. make profit B. satisfy basic human wants C. redistribute wealth D. put inputs into use Correct Answer: Option B…

4 years ago

One of the characteristics of free trade zone is?

A. common tariff against non-member countries B. different trade policies of non-member countries C. free factor mobility within the zone…

4 years ago

The maximum number of shareholders for a limited liability company is?

A. twenty B. five C. seven D. infinite Correct Answer: Option D - infinite Explanation There is no limitation on…

4 years ago

A disadvantage of Nigeria’s dependence on imported petroleum products is the?

A. instability in the demand for the products B. dominance of multinational firms C. instability in the supply of the…

4 years ago

In developing countries; governments influence the location of industries in order to?

A. spread development B. redistribute wealth C. encourage enterpreneurs D. encourage industries to earn high profits Correct Answer: Option A…

4 years ago

Localization of industries refers to the?

  A. spread of firms producing different products B. siting of industries near the market C. concentration of firms of…

4 years ago

The ultimate aim of agricultural policies in Nigeria is to achieve _____?

A. food sufficiency B. industrialization C. full employment D. industrial capacity utilization Correct Answer: Option A - food sufficiency Explanation…

4 years ago

Government can boost agricultural output in Nigeria primarily by?

A. embarking on buffer stock programmes B. placing embargo on food importation C. granting subsidies on farm inputs D. placing…

4 years ago

The ultimate aim of agricultural policies in Nigeria is to achieve?

A. food sufficiency B. industrialization C. full employment D. industrial capacity utilization Correct Answer: Option A - food sufficiency Explanation…

4 years ago