The term 'oil shock' is used to describe a situation in which
The demand for oil exceeds its supply
Oil prices have fallen drastically
The demand for oil is equal to its supply
The supply of oil exceeds its demand
Correct answer is B
No explanation has been provided for this answer.
Minimum wage legislation will result in
Reduced income
Greater supply labour
Reduced labour productivity
Greater demand for labour
Correct answer is B
No explanation has been provided for this answer.
A major factor militating against rapid industrialization in Nigeria is
Inadequate skilled manpower
Poor market facilities
Poor transport facilities
Epileptic power supply
Correct answer is D
No explanation has been provided for this answer.
If children and the aged dominate the population of a country, this results in
A reduction in the importation of capital goods
A fall in the standard of living
An increase in the national income
An improvement in the standard of living
Correct answer is A
No explanation has been provided for this answer.
The oil-producing area in Nigeria are agitating for special compensation owing mainly to
The high level of poverty
The high level of unemployment
Constant flooding
Environmental pollution
Correct answer is D
No explanation has been provided for this answer.