Market for Garri: At a price of N5, the excess supply is
30 tins per week
45 tins per week
15 tins per week
20 tins per week
Indeterminate
Correct answer is A
No explanation has been provided for this answer.
Which of the following is NOT a visible iterm in international trade payments?`
Payments for imported cars
Receipts from coca exports
Payments to foreign shipping companies
Payments for steel imports
Payments for petroleum imports
Correct answer is C
No explanation has been provided for this answer.
Country I has absolute disadvantage in the production of both cocoa and cloth
Country I has absolute advantage in the production of both cocoa and cloth
Country ll has absolute advantage in the production of both cocoa and cloth
Country ll should leave the production of both cocoa and cloth to country l
Correct answer is B
No explanation has been provided for this answer.
From the above, the Growth Rate of Total National Output or GDP is
6.45%, i.e (25 x 2 + 10 x 5 + 50 x 10 + 15 x 3)/ 100%
20.0%, i.e. (2 + 5 + 10 +3)%
2.95%, i.e (60 x 2 + 10 x 5 + 5 x 10 + 25 x 3)/ 100%
5.0%, i.e,(2 +5 + 10 + 3)/ 4%
Not obtainable
Correct answer is D
No explanation has been provided for this answer.
In this diagram, So So is the original supply curve while S1 S1 represent?
A movement along a give supply curve
An increase in supply
Decrease in supply
A perfect elastic supply curve
An abnormal supply curve
Correct answer is C
No explanation has been provided for this answer.
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