Question 1 of 9 49 total questions
Population density is described as the
A average number of people per square kilometre
B average number of people in a country
C total population excluding migration
D total population including net migration
In a particular year, the sum of the value added in each sector of the economy was N4550 million
A factor-price approach
B output approach
C income approach
D expenditure approach
Idle cash balances are held for
A planned purchases
B the purchase of bonds
C the purchase of shares
D unplanned purchases
A discount house is a market where
A various bills are exchanged
B short-term and medium-term loans are obtained
C shares are bought and sold
D short-term loans are obtained
A major assumption in a perfectly competitive market is that
A the number of buyers and sellers is small
B individuals cannot influence prices
C the quality of products remains the same
D prices will always remain constant
Above full employment level, an expansionary monetary policy will lead to a
A decrease in aggregate supply
B fall in the inflation rate
C rise in the inflation rate
D fall in aggregate demand
Given that Y= C+I, where C= 50+0.75 and I = N45m, what is the equilibrium level of income?
A N380m
B N20m
C N180m
D N200m
In the long run, the equilibrium point of a monoplistic firm is a point where the
A marginal cost curve is tangential to the average fixed cost curve
B demand curve is tangential to the average variable cost curve
C supply cuvre is tangential to the marginal cost curve
D demand curv is tangential to the average cost curve
The regulatory authority of the capital market in Nigeria is the
A Central Bank
B Securities and Exchange Commission
C Nigerian Deposit Insurance Corporation
D Stock Exchange Market
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