The greatest foreign exchange earner for Nigeria before the advent of petroleum was
Mining
Handicraft
Agriculture
Manufacturing
Tourism
Correct answer is C
No explanation has been provided for this answer.
If a monopolist is attempting to maximize profit, which of the following should he attempt to do?
Equate average cost to average revenue
Equate marginal cost to marginal revenue
Equate marginal cost to average revenue
Fix price and output
Equate price to total cost
Correct answer is B
No explanation has been provided for this answer.
A point along a consumer's indifference curve shows
The difference commodities he can consume
A combination of all commodities he is willing to buy
A combination of two commodities from which he derive the same satisfaction
The quantity of commodities demanded by him
The difference between quantity supplied and quantity demanded
Correct answer is C
No explanation has been provided for this answer.
Which of the following constitute the major components of money supply in a development economy?
Demand deposits
Paper money
Bank drafts
Coins
Time deposits
Correct answer is A
No explanation has been provided for this answer.
Which of the following does not give a characteristics of money?
Durable
Portable
Divisible into small units
Generally acceptable
Medium of exchange
Correct answer is E
The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.