Subsistence farming means producing food
Mainly for the need of our immediate and extended family
Crops for sale mainly
Crops mainly for export
To feed the community around
In order to satisfy the government directives
Correct answer is A
No explanation has been provided for this answer.
The term marginal propensity to consume can best be explained as the
Desire to spend more income on consumption
Change in consumption as a percentage of change in income
Average regularly spend on consumption
Total expenditure on consumption
Inclination to spend only a little on consumption
Correct answer is B
No explanation has been provided for this answer.
Which of these factors does not affect revenue allocation in Nigeria?
Needs of an area
Size of the population of an area
Number of industries and land areas
Revenue derivable from an area
Development needs of the country
Correct answer is C
No explanation has been provided for this answer.
The imposition of high income tax by government to cut down demand is known as
Monetary policy
Budgetary policy
Fiscal policy
Internal policy
Development policy
Correct answer is C
No explanation has been provided for this answer.
Which of the following crops can be referred to as Nigeria’s current export crops?
Rubber, Groundnuts, Beniseed, cotton
Shear butter, Sorghum, Onions
Rubber, Cocoa, Coffee, Palm Kernel
Palm Oil, Palm Kernel, Sugarcane
Soya beans, Rice, Groundnut, and Cashew nut
Correct answer is C
No explanation has been provided for this answer.