Question 1 of 20 2,540 total questions
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
D producer-wholesaler-retailer-consumer
National debts is an expected outcome of?
A deficit budget
B consolidation budget
C balanced budget
D surplus budget
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
D growth in population more sustainable
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 and the senate
D federal, state and local governments
The efficiency of labour can be increased by?
A constant training of workers
B retirement of workers on a regular basis
C engaging expatrirates only
D placing an embargo on recruitment
An increase in the discount rate is an indication of a central bank's intention to pursue?
A an expansionary monetary policy
B a disciplined monetary policy
C a dynamic monetary policy
D a contractionary monetary policy
Economic growth can be accelerated through?
A balancing of savings and consumption
B postponement of current consumption
C planned current consumption
D increased current consumption
In national income accounting, NNP is derived by subtracting from the GNP?
A transfer payments
B indirect taxes
C allowance for wastage
D capital consumption
The capital market is a market for trading of financial assets such as?
A bankers' acceptances
B treasury bills
C long-term securities
D commercial papers
The price paid for labour services is the?
A commission rate
B wages rate
C income rate
D salary rate
A tax that increases at a higher percentage as income increase is called?
A a proportion tax
B a regressive tax
C a progressive tax
D an income tax
The raising of funds by selling stocks to the public is called?
A equity financing
B stock financing
C debt financing
D loan financing
An industry is?
A company producing unrelated commodities
B group of firms producing related commodities
C group of firms producing distinct commodities
D firms producing differentiated commodities
To facilitate the exportation of crude oil from Nigeria, special?
A airstrips were constructed for jets to evacute the oil
B roads were built to connect the major oil wells to the ports
C pipelines were laid to connect the major oil wellsto the ports
D railway lines were constructed to connect the major oil wells to the ports
The losses suffered by a sole proprietor are?
A usually equal to the amount invested
B usually less than the amount invested
C limted to the amount invested
D not limited to the amount invested
A disadvantage of concentrating industries in an area is that it could?
A lead to conclusion among the firms
B result in evironmental pollution
C bring about diseconomies of scale
D increase the cost of production
In the agricultural sector, improved extension services facilitate?
A acquistion of techniques
B arable crop production
C mobility of labour
D livestock production
Which of the following is an example of a fixed cost?
A Fuel cost
B Electricity bill
C Rent on building
D Transportation cost
A major advantage of specialization and division of labour is that?
A time wastage will be minimized
B trade unions will be encouraged
C there will be a ready market for labour
D workers will be adequately rewarded
A production function relates?
A cost to output
B wages to profit
C cost to input
D output to input
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