A major feature of an underdeveloped economy is
Excess capacity utilization
Low rate of population growth
Low level of standard of living
Low level of unemployment
Correct answer is C
An underdeveloped economy is characterized by low per capita income, low levels of living, high rate of population growth, illiteracy, technical backwardness, capital deficiency, dependence on backward agriculture, high level of unemployment, unfavourable institutions and so on.
A major obstacle to the development of Nigeria economy is
Low capital formation
Rural-urban migration
Over dependence on oil
Poor developmental policies
Correct answer is D
Nigeria's economic potential is constrained by many structural issues, including inadequate infrastructure, tariff and non-tariff barriers to trade, obstacles to investment, poor developmental policies, lack of confidence in currency valuation, and limited foreign exchange capacity.
Wage freeze is a policy measure aimed at
Encouraging investors
Curbing inflation
Regulating standard of living
Curbing deflation
Correct answer is B
Wage Freeze: A policy in which a company refuses to raise wages and salaries for a period of time. A wage freeze is usually instituted when a company is having a difficult time financially and wishes to avoid layoffs or other cutbacks.
The cost of living decreases of that year
The cost of living remains unchanged
The value of money rises by 75%
The value of money falls by 75%
Correct answer is A
No explanation has been provided for this answer.
Short-term loans for investment are usually obtained through the
Stock market
Development banks
Money market
Capital market
Correct answer is C
The money market is the trade in short-term debt investments.