economics

A policy aimed at enhancing globalization of the Nigerian economy is?

A. indigenization B. deregulation C. commercialization D. privatization Correct Answer: Option D - privatization

4 years ago

Long-term funds for investment projects are sourced from the?

A. money market B. commodity market C. foreign exchange market D. capital market Correct Answer: Option D - capital market

4 years ago

A change in the pump price of petrol in Nigeria has a direct effect on the?

A. prices of consumer goods B. prices of essential goods C. cost of raw materials D. cost of transportation Correct…

4 years ago

An important contribution of small-scale industries to the Nigerian economy is in the area of?

A. technological development B. foreign exchange earnings C. raw materials processing D. labour employment Correct Answer: Option D - labour…

4 years ago

A sugar industry is best located near the source of?

A. labour B. raw materials C. power D. capital Correct Answer: Option B - raw materials Explanation The sugar industry…

4 years ago

A strategy for improving agriculture in Nigeria will involve?

A. controlling the prices of agricultural products B. ensuring self-sufficiency in food production C. reducing agricultural exports D. establishing commodity…

4 years ago

An emerging agricultural export crop in Nigeria is?

A. cassava B. cotton C. cocoa D. soya beans Correct Answer: Option C - cocoa Explanation Cocoa is the leading…

4 years ago

The primary reason for desiring economic growth is to?

A. control inflation B. reduce poverty C. redistribute income D. raise standard of living Correct Answer: Option C - redistribute…

4 years ago

Rapid economic development in Nigeria is realizable by?

A. continuous dependence on oil B. concentrating more on agriculture C. developing the tourism industry D. diversifying the economy Correct…

4 years ago

A huge national debt is an indication that the gold reserves of a nation has?

A. appreciated B. decreased C. depreciated D. stagnated Correct Answer: Option D = stagnated

4 years ago