To facilitate the exportation of crude oil from Nigeria, special
Airstrips were constructed for jets to evacute the oil
Roads were built to connect the major oil wells to the ports
Pipelines were laid to connect the major oil wellsto the ports
Railway lines were constructed to connect the major oil wells to the ports
Correct answer is C
No explanation has been provided for this answer.
The losses suffered by a sole proprietor are
Usually equal to the amount invested
Usually less than the amount invested
Limted to the amount invested
Not limited to the amount invested
Correct answer is D
No explanation has been provided for this answer.
A disadvantage of concentrating industries in an area is that it could
Lead to conclusion among the firms
Result in evironmental pollution
Bring about diseconomies of scale
Increase the cost of production
Correct answer is B
No explanation has been provided for this answer.
In the agricultural sector, improved extension services facilitate
Acquisition of techniques
Arable crop production
Mobility of labour
Livestock production
Correct answer is A
No explanation has been provided for this answer.
Which of the following is an example of a fixed cost?
Fuel cost
Electricity bill
Rent on building
Transportation cost
Correct answer is C
No explanation has been provided for this answer.