Minimum price control is aimed at
Increasing the size of the market
Minimizing the profit level
Punishing the consumers
Protecting the consumer
Reducing the size of the market
Correct answer is B
No explanation has been provided for this answer.
Central bank of Nigerian started operation
1958
1959
1960
1963
1973
Correct answer is B
The Central Bank of Nigeria was established by the CBN Act of 1958 and commenced operations on July 1, 1959.
Which of the following is NOT a factor determining supply?
Cost of production
Climatic condition or weather
Income of the producers
Number of producers
Technological development
Correct answer is C
Supply will be determined by factors such as
- price,
- the number of suppliers,
- the state of technology,
- government subsidies,
- weather conditions and
- the availability of workers to produce the good.
The income of the producer doesn't affect supply.
The central point of the Malthusian theory is that
Everybody should become a farmer
Government should provide enough accommodation and food
Increasing population will get enough food
Population increase in geometric progression while food arithmetic progression
Wages has nothing to do with cost of living
Correct answer is A
No explanation has been provided for this answer.
In the demographic transition theory, stage II represents a stage where
Declining birth rates with low death rates lead to little or no population growth
High birth rate with low death rates lead to no population growth
There is population growth due to high birth rates and low death rates at that stages
There is a slow rate of population growth as a result of high birth rate accompanied by high but slightly fluctuating death rate
There is a very high growth as population as a result of high birth rates accompanied by high but slightly fluctuating death rates
Correct answer is D
No explanation has been provided for this answer.