Full employment is a situation in which
Every adult is employed
All adults who can work are employed
All person who attained the age of 15 and above are employed
Only the disabled are not employed
All those who are able and eligible can find employment
Correct answer is E
No explanation has been provided for this answer.
When demand is elastic, it means that consumers
React more proportionately to price change
Are not sensitive to price changed
Will stop buying when price increases
React less proportionately to price change
React equally to price change
Correct answer is A
No explanation has been provided for this answer.
NEPA as a public corporation is?
A power generating industry in Nigeria
Organized in a perfect competitive market
A duopoly
A monopolistically competitive industry
A monopoly
Correct answer is E
No explanation has been provided for this answer.
Age-structure in Nigeria is such that the working age-group is in the years
1-15
15-65
30-40
40-65
65 and above
Correct answer is B
No explanation has been provided for this answer.
Which of the following defines Economics most comprehensively?
Buying and selling
Organization and Industries
Study of human behaviour in the allocation of scarce resources
National development planning and budgeting
Banking and Insurance
Correct answer is C
No explanation has been provided for this answer.