The movement of people from rural to urban areas affects the
- A. occupational distribution of population
- B. sex distribution of population
- C. geographical distribution of population
- D. age distribution of population
The Malthusian theory of population has been rendered ineffective by
- A. government policies
- B. natural disasters
- C. birth contorl measures
- D. technical progress
Upstream oil activities involve the
- A. exploration of crude oil
- B. refining of crude oil
- C. marketing of finished products
- D. management of pollution
Industrialization is a prerequisite for balanced economic growth because it
- A. encourages trade liberalization
- B. stimulates the development of all sectors
- C. enhances productivity in the manufacturing sector
- D. expends employment opportunities in urban areas
Environmental degradation is more associated with
- A. localization of industries
- B. location of industries
- C. decreased urbanization
- D. urban-rural migration
Foreign investment can be attracted to Nigeria through
- A. a review of the tax policy
- B. a review of interest rates
- C. the revaluation of the naira
- D. a review of the naturalization policy
A country would develop its agricultural sector first so as to
- A. stabilize the prices of agricultural products
- B. stabilize the prices of industrial products
- C. create a market for the agricultural sector
- D. create a market for the industrial sector
A major objective of the Federal Government’s initiative on cassava production in Nigeria is to
- A. diversify the export base of the economy
- B. ensure the availability of cassava
- C. make cassava a staple food in the country
- D. provide raw materials for industries
The survival of a partnership depends on
- A. the managerial ability of the partners
- B. access to finance
- C. the goodwill of the partners
- D. political stability
The minimum number of shareholders for a joint stock company is
- A. 2
- B. 3
- C. 4
- D. 7
The main objective of WTO is to
- A. help countries with chronic balance of payments problems
- B. help debtor nations solve their problems
- C. ensure adequate tariff protection for infant industries
- D. provide a mechanism for tariff reductions
One of the ways of correcting a deficit balance of payments is to
- A. revalue a country's currency
- B. devalue a country's currency
- C. increase imports
- D. reduce exports
The gains from international trade are shared on the basis of the
- A. quantity produced of each of the traded goods
- B. cost of production of each of the traded goods
- C. terms of trade
- D. bilateral trade agreements
In a developing economy, productivity is measured by the
- A. capital-output ratio
- B. output growth rate
- C. output-labour ratio
- D. output per capita
A continuous increase in national income accompanied by the structural transformation of all indices is called
- A. economic planning
- B. economic growth
- C. economic reforms
- D. economic development
The monetization policy is an offshoot of
- A. NEEDS
- B. SAP
- C. PAYE
- D. MDGs
A persistent rise in the prices of inputs will lead to
- A. hyperinflation
- B. stagflation
- C. cost-push inflation
- D. demand-pull inflation
If the total fixed cost is the same regardless of output, the average fixed cost will be
- A. increasing
- B. maximum
- C. minimum
- D. decreasing
A characteristic of the linear production function is that
- A. the percentage change in inputs change exceeds output
- B. output and all inputs change by the same percentage
- C. the percentage change in output is greater than one
- D. the percentage change in output is less than one
The division of labour requires that the task to be performed
- A. must be done in stages
- B. requires no special knowledge
- C. is simple but strenuous
- D. must be undertaken by experts
The world market for crude oil refers to the
- A. total supply by OPEC members
- B. total demand for and supply of crude oil
- C. excess crude oil produced in the world
- D. difference between the supply of and demand for oil