economics

Industrial development in Nigeria can be encouraged through?

A. signing WTO treaty B. granting subsidies C. the provision of efficient infrastructure D. direct government participation Correct Answer: Option…

4 years ago

Investing heavily in the agricultural sector will lead to?

A. sufficient food production B. a vibrant commodity market C. capital inflow D. stable export prices Correct Answer: Option A…

4 years ago

The main function of NNPC is to?

A. oversee the development of the oil sector B. develop the oil-producing area C. fix the price of products D.…

4 years ago

Agricultural production in Nigeria is constrained by?

A. ineffective use of stabilization measures B. inadequate demand C. poor implementation of policies D. balance of payments deficits Correct…

4 years ago

Upstream oil activities involve the?

A. management of pollution B. marketing of refined products C. exploration of crude oil D. refining of crude oil Correct…

4 years ago

The import-substitution strategy of industrialization is to encourage?

A. domestic production B. large-scale production C. importation D. exportation Correct Answer: Option A - domestic production Explanation Import substitution…

4 years ago

A country embarks on deficit financing in order to?

A. increase revenue B. reduce aggregate demand C. curb inflation D. stimulate investment Correct Answer: Option C - reduce aggregate…

4 years ago

An indicator of growth in an economy over a period of time is the?

A. GDP gap B. GDP at factor cost C. GDP at market price D. GDP deflator Correct Answer: Option C…

4 years ago

A country achieves economic development when there is?

A. an increase in military expenditure B. an increase in capacity utilization C. a sustained increase in per capital income…

4 years ago

During the era of barter; money was generally in the form of?

A. notes B. precious metals C. coins D. commodities Correct Answer: Option D - commodities Explanation Commodity money is a…

4 years ago