Favourable
In equilibrium
Perfect
Unfavourable
Uniform
Correct answer is D
No explanation has been provided for this answer.
The basic economics problem of what to produce arises as a result of
Competing demands for scarce resources
Excessive supply
The availability of too many experts
The failure of the price system
The reduction of poverty
Correct answer is A
No explanation has been provided for this answer.
The main industrial cities in Nigeria are
Ikeja, Kano, Onitsha and Port-Harcourt
Kaduna, Dutse, Ogbomoso and Calabar
Kano, Ilesa, Vadeikya and Afikpo
Maiduguri, Ikote Ekiti, Moniya and Akungba
Mokwa, Ijebu-ode, Warri and Gummel
Correct answer is A
No explanation has been provided for this answer.
Demand for labour depends on the following factors EXCEPT
Number of industries/enterprises
Nature of industries/business enterprises
Price of labour
Demand for labour output and prices
The period of training
Correct answer is E
No explanation has been provided for this answer.
A negative effect of the discovery of petroleum on the Nigerian economy is
Conversion of the economy into a mono product type
Development of infrastructures
Encouragement of international recognition
Provision of job opportunities
Rapid industrialization
Correct answer is A
No explanation has been provided for this answer.