economics

A country’s terms of trade can be improved by ____?

A. collective bargaining B. imposing lower export duties C. revelation of currency D. reducing demand for imported goods Correct Answer:…

5 years ago

Which of the following is NOT an instrument in the money market?

A. Treasury bill B. Bill of exchange C. Stocks and shares D. Call money fund Correct Answer: Option C -…

5 years ago

One of the reasons why Nigeria is a mono-economy is because of her _______?

A. huge volume of petroleum activities in the country B. diversification system of economic activities C. high demand for foreign…

5 years ago

Excess supply over demand will place a price advantage on _____?

A. government B. foreign investors C. suppliers D. consumers Correct Answer: Option D - consumers Explanation This is because, according…

5 years ago

The production within domestic territory of a country is called the _____?

A. net national product B. gross domestic product C. net income D. disposable income Correct Answer: Option B - gross…

5 years ago

The basic aim of Economic Community of West African States is the?

A. discouragement of trade among member states B. encouragement of revolts against former colonial masters C. establishment of its headquarters…

5 years ago

The population theory that is concerned with the cases of over population and shortage of food production is ______?

A. population density B. Malthusian population theory C. national population theory D. demographical transition theory Correct Answer: Option B -…

5 years ago

Which of the following is not a function of the money market?

A. Provision of finance B. enhance loan savings C. creation of long term D. Provision of finance Correct Answer: Option…

5 years ago

The law of diminishing marginal utility states?

A. The supply curve slopes downward B. Your utility grows at a slower and slower rate as you consume more…

5 years ago

The graph below represents _______?

A. a decrease in quantity supplied B. an increase in supply C. a decrease in supply D. an increase in…

5 years ago