Question 1 of 8 48 total questions
Which of the following is a form of business enterprise?
A Cartel
B Entrepreneurship
C Partnership
D Stock exchange
E Supermarket
Taxes levied on locally manufactured goods are called
A custom duties
B excise duties
C purchase tax
D sales tax
E VAT
The price and quantity of crude oil and petrol sold to other countries by Nigeria is fixed by the
A ECOWAS
B IMF
C OPEC
D NNPC
E none
Which of the following hinder(s) effective distribution of goods in Nigeria?
A Branding and packaging of goods
B Good transportation network
C Large quantity of goods
D numerous middlemen
E Warehousing facilities
One of the roles of industrialization in economic development of Nigeria is
A employment generation
B environmental pollution
C target of enemy’s attack
D unemployment
E uneven development
A production possibility curve shows the
A resources used to produce a particular commodity
B possible combinations of two commodities
C rate of inflation
D rate of unemployment in the country
E tabular illustration of production possibilities
In a given set of data, if the variance is 25, what is the standard deviation?
The amount of satisfaction per unit of the commodity consumed is called
A average cost
B average utility
C marginal cost
D marginal utility
E total utility
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