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.
The most important goal of OPEC is to
Present a united front for the purpose of raise prices of crude oil
Bring unity among the petroleum exporting countries
Ensure political stability among member states
Ensure that rules on quota production are strictly followed
Correct answer is D
No explanation has been provided for this answer.
In recent times, agriculture in Nigeria tends to lose its vital labour force as a result of
Lack of an effective agricultural policy
Employment opportunities in the agricultural sector
Rural-urban drift
Low prices of agricultural products
Correct answer is C
Rural-urban drift is a situation where the desire for better employment, business opportunities, and education pushes both young and old out of the rural areas to the urban areas. This is one of the major problems facing the agricultural sector in Nigeria.
The problem of conducting census include
High rate of rural-urban migration
Poor geographical distribution of population
High birth rate in the country
Poor town planning in urban areas
Correct answer is D
No explanation has been provided for this answer.
The type of business finances that entitles the holder to a fixed rate of dividend is
Preference stock
Common stock
Debentures
Bank loan
Correct answer is C
A debenture is a long-term debt security issued by a company and secured against assets, to raise capital for a business. The holder of a debenture is entitled to a fixed rate of interest at the maturity of the debt.
The relationship between tax rate and income which is relevant to a proportional tax is depicted by
Curve Z and Y
Curve X
Curve Z
Curve Y
Correct answer is D
No explanation has been provided for this answer.