economics

The major reason why nations engage in international trade is that?

A. it allows free movement of factors of production B. it makes possible the use of capital-intensive method of production…

4 years ago

The loans from the World Bank to developing countries are mainly to support?

A. the establishment of more universities B. capital-intensive technology C. infrastructural investments D. their low level of consumption Correct Answer:…

4 years ago

GNP is not a good measure of social welfare because there are unrecorded?

A. indirect taxes B. social costs C. government subsidies D. transfer payments Correct Answer: Option D - transfer payments

4 years ago

What is the unemployment rate in the community?

If the labour force in a given community is 2,000,000, in the wage employment 200,000 and the unemployed are 80,000,…

4 years ago

In order to accelerate economic development; a country must?

A. stimulate her population growth rate B. pursue a high population growth rate C. pursue a rational population policy D.…

4 years ago

Money may not be accepted as a store of value if?

A. its value is unstable B. it is easily transferable C. its value is stable D. it is easily divisible…

4 years ago

The distribution channel that contributes most to the cost of production is?

A. producer → wholesaler → consumer B. producer → retailer → consumer C. producer → retailer → wholesaler → consumer…

4 years ago

National debts is an expected outcome of?

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

4 years ago

The reduction of high fertility rate is a measure in population control designed to make the?

A. female population higher than the male B. female and male population equal C. male population higher than the female…

4 years ago

In Nigeria; revenue sharing from the Federation Account is between the?

A. executive, the judiciary and the legislature B. federal and state governments and the parastatals C. federal and state governments…

4 years ago