Counter trading is an international arrangement whereby
Goods and services are exchanged in a manner similar to barter
Goods and services are sold on the counter
Crude oil is sold to a foreign country
Goods are shipped to countries on which the United Nations has placed a trade embargo
Correct answer is A
No explanation has been provided for this answer.
Both in the short run and in the long run, a firm maximizes its profits when
MC = MR
AC = MC
AVC = AC
MC = AVC
Correct answer is A
No explanation has been provided for this answer.
Which of the following classes of goods accounts for largest proportion of Nigeria's imports?
Food and animal products
Consumers goods
Chemicals
Machinery and transport equipment
Correct answer is D
No explanation has been provided for this answer.
Y > 300
Y > 250
Y > 200
Y > 150
Correct answer is C
No explanation has been provided for this answer.
The most important factor ensuring economic development is the
Effective mobilization of domestic savings
Presence of foreign capital
Formulation of appropriate government policies
Attraction of foreign aids and grants
Correct answer is C
No explanation has been provided for this answer.