The movement of goods and services from the producers to the consumers is referred to as
External trade
The distribution chain
The circular flow
Consumption
Correct answer is B
No explanation has been provided for this answer.
The downstream activities of oil companies in Nigeria involve
Refining and distribution
Prospecting and exploration
Off-shore drilling
Management of spillage and pollution
Correct answer is A
No explanation has been provided for this answer.
A single market price
Many buyers and sellers
Product differentiation
Homogeneity of product
Correct answer is C
No explanation has been provided for this answer.
GDP differs from GNP because GDP
Is inclusive of depreciation
Emphasizes the final goods and service produced within the country at a particular period
Emphasizes the goods and services within the country
Emphasizes the market value of all final goods and services produced by nationals
Correct answer is B
No explanation has been provided for this answer.
Which financial institution is charged with the formulation of monetary polices in Nigeria?
The Central Bank of Nigeria
The Nigeria Deposit Insurance Corporation
The Abuja Commodity Exchange
The Lagos Stock Exchange
Correct answer is A
No explanation has been provided for this answer.