Rents and interest are rewards to
Labour and capital respectively
Land only
Capital only
Labour and land respectively
Land and capital respectively
Correct answer is E
No explanation has been provided for this answer.
The indigenisation policy in Nigeria is aimed at
Nationalising foreign businesses
Alternating foreign investors
Commandeering foreign businesses in Nigeria
Expelling foreign investors and taking over their investment
Increasing equity participation and control by Nigerians
Correct answer is E
No explanation has been provided for this answer.
The largest employment sector in a typical West African country is
Construction
Transportation
Petroleum
Agriculture
Manufacturing
Correct answer is D
No explanation has been provided for this answer.
Employment of everybody
Decrease in output
Monotony of work
Increase of time in workshops
Increase of time in learning a trade
Correct answer is C
No explanation has been provided for this answer.
Decreasing returns to scale implies that if all factors of production are doubled, output will be
More than doubled
Less than doubled
Doubled
Unchanged
Trebled
Correct answer is B
No explanation has been provided for this answer.