Economics Questions and Answers
Economics questions and answers to help you prepare for JAMB, WAEC, NECO, Post UTME and job aptitude tests or interviews.
Economics questions and answers to help you prepare for JAMB, WAEC, NECO, Post UTME and job aptitude tests or interviews.
Deflation
Inflation
Devaluation
Revaluation
Correct answer is C
Devaluation is the official reduction of the exchange value of national currency in relation to the currencies of other countries. It is also the fall in the exchange value of a country's currency in relation to the currencies of other countries.
A capital market differs from the money market in that in the former ________?
The percentage of interest charged is more
Loan sought is long term
Loan repayment is guaranteed
Loan sought is short-term
Correct answer is B
Basically the difference between the capital markets and money markets is that capital markets are for long term investments, companies are selling stocks and bonds in order to borrow money from their investors to improve their company or to purchase assets. Whereas money markets are more of a short term borrowing.
Socialist economy
Feudal economy
Mixed economy
Capitalist economy
Correct answer is C
No explanation has been provided for this answer.
The transfer of public share holding in corporations to private enterprise is___________?
Incorporation
Concession
Privatization
Commercialization
Correct answer is C
No explanation has been provided for this answer.
The labour force of a country is determined by the___________
Geographical distribution of the population
Age structure of the population
Number of people available for work
Sex distribution of the population
Correct answer is B
No explanation has been provided for this answer.