economics

The demand curve faced by a monopolist is _____?

A. Positively sloped B. Vertical C. downward sloping D. Negatively Sloped Correct Answer: Option C - downward sloping Explanation The…

4 years ago

One of the problems facing the Nigerian oil and gas industry is _________?

A. Over-capacity utilization B. The discovery of alternative oil sources C. Shortage of indigenous manpower D. The excess supply of…

4 years ago

Which of the following is NOT among the financial institutions in Nigeria?

A. Federal Mortgage Bank B. Microfinance Banks C. Insurance Banks D. Federal Ministry of Finance Correct Answer: Option D -…

4 years ago

The major characteristics of an undeveloped nation is?

A. Over-dependence on foreign products B. Dominance of the industrial sector C. High per capita income D. Efficient and sensitive…

4 years ago

One of the major uses of national income statistics in Nigeria is to?

A. Equally distribute national income among citizens B. Determine the total population C. Compare population growth among nations D. Estimate…

4 years ago

Development plans fail in Nigeria mainly because of?

A. Corruption and political instability B. Over-dependence on foreign aid C. High cost of plan implementation D. Shortage of personnel…

4 years ago

Which of the following is correct?

A. Traditional budgeting focuses on goals and objectives B. Zero-based budgeting produces a single level of appropriation for an activity…

4 years ago

Localization of industry is encouraged because of ________?

A. low-interest charges on loans B. improvements in infrastructure C. low foreign exchange rate D. high standard of living Correct…

4 years ago

Which of these is a type of partnership in business?

A. Limited partnership B. limited liability company C. private partnership D. joint-stock partnership Correct Answer: Option A - Limited partnership…

4 years ago

Which of the following is NOT a source of government revenue?

A. Grants, aids and borrowing B. Taxes, fees, licenses and fines C. Interest, dividends, profits and earnings D. personal income,…

4 years ago