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.
When the demand for a commodity is inelastic, who bears the greater burden of the indirect tax?
The producer
The government
The retailer
The consumer
The wholesaler
Correct answer is D
No explanation has been provided for this answer.
Industries are scattered all around
A firm decides to expand
Industries are producing below capacity
Firms compromising an industry are concentrated in one area
A firm is located near raw materials
Correct answer is D
No explanation has been provided for this answer.
The coefficient of price elasticity of demand is zero when demand is
Fairly elastic
Perfectly inelastic
Fairly inelastic
Unitary elastic
Perfectly elastic
Correct answer is B
No explanation has been provided for this answer.