43
Which of the following is true of NEPA as a public corporation in Nigeria? It is
- A. a solar energy distribution
- B. organized in a perfectly competitive market
- C. a duopoly
- D. a monopolistically competitive industry
- E. a monopoly
44
The concept of economics efficiency primarily implies
- A. containing the maximum output from available resources at the lowest possible cost
- B. conserving our petroleum resources
- C. equity in the distribution of the nation's wealth
- D. production without waste
- E. the limited wants unlimited resources dilemma
45
The definition of economics as ‘the science which studies human behaviuor as a relationship between ends and scarce means which have alternative uses’ was given by
- A. Adam Smith
- B. David Ricardo
- C. Lionel Robbins
- D. Thomas R. Mtithus
- E. Robert Giffen