Optimum population is defined as the level of population at which
Per capital output is maximized
Population is neither increasing nor decreasing
Total national income is maximized
Marginal efficiency of population is maximized
Correct answer is A
No explanation has been provided for this answer.
An entrepreneur will continue to employ labour up to a point where
Costs are minimized
Maximize efficiency is attained
Wages are equal to marginal product of labour
Marginal product of labour is equal to zero
Correct answer is C
No explanation has been provided for this answer.
Import substitution industrialization refers to
The concentration of industries for even regional development
Setting up of industries for even development
A situation in which local industries are set up to produce goods formerly imported
The banning of imports which are subtitutes for domestically produce goods
Correct answer is C
No explanation has been provided for this answer.
Concentrating industries in one place is advantageous because there are gains in terms of
External economies
Internal economies
Economies of scale
Cost economies
Correct answer is A
No explanation has been provided for this answer.
The first petroleum exploring company to discover crude petroleum in Nigeria was?
Mobil B
Texaco
Agip
Shell-BP
Correct answer is D
No explanation has been provided for this answer.