The demand for factors of production is an example of
Joint demand
Competitive demand
Derived demand
Composite demand
Correct answer is C
No explanation has been provided for this answer.
The monetary control instrument most effectively used by the Central Bank of Nigeria is the
Open market operations
Margin requirment
Reserve ratio
Discount rate
Correct answer is A
No explanation has been provided for this answer.
Inflation that is usually associated with periods of trade boom is
Creeping inflation
Cost-push inflation
Stagflation
Demand-pull inflation
Correct answer is D
No explanation has been provided for this answer.
Insurance companies, pension and provident funds and unit trusts are all examples of
Rural-based revenue mobilizers
Non-governmental organisations
Government financial agencies
Non-bank financial institutions
Correct answer is D
No explanation has been provided for this answer.
For a firm, value added can be defined as the difference between the
Input prices and product prices
Value of its output and inputs purchased from other firms
Value of its output and the cost of production
Total revenue and total cost
Correct answer is B
No explanation has been provided for this answer.