Explanation

Economic effects of high population density on Nigeria are:

(I) There will be a lot of pressure on the existing social amenities, e.g. schools, roads, pipe borne water.

(ii) There will be increase in the level of unemployment.

(iii) The standard of living of the people will fall as a result of a fall in per capita income.

(iv) The crime rate will increase tremendously as in Lagos.

(v) High population density will lead to congestion in the areas of traffic, housing and schools.

(vi) There will be high demand for goods and services which may lead to shortage.

(vii) There will be increase in the dependency ratio.

Economic effects of high population density on Nigeria are:

(I) There will be a lot of pressure on the existing social amenities, e.g. schools, roads, pipe borne water.

(ii) There will be increase in the level of unemployment.

(iii) The standard of living of the people will fall as a result of a fall in per capita income.

(iv) The crime rate will increase tremendously as in Lagos.

(v) High population density will lead to congestion in the areas of traffic, housing and schools.

(vi) There will be high demand for goods and services which may lead to shortage.

(vii) There will be increase in the dependency ratio.

Correct Answer: B. real cost

Explanation

(a)

(b) \(11.011_{two} = 1 \times 2^{1} + 1 \times 2^{0} + 0 \times 2^{-1} + 1 \times 2^{-2} + 1 \times 2^{-3}\)

= \(2 + 1 + 0 + \frac{1}{4} + \frac{1}{8}\)

= \(3\frac{3}{8}\)

= \(3.375\)

(c) \(\frac{9.6 \times 10^{18}}{0.24 \times 10^{5}} \equiv \frac{9.6 \times 10^{18}}{2.4 \times 10^{4}}\)

= \(\frac{9.6}{2.4} \times 10^{18 - 4}\)

= \(4 \times 10^{14}\)

Correct Answer: A. 6

Correct Answer: B. reducing tarrifs

Explanation

Tariffs are duties (taxes) imposed on imports. When tariffs are imposed, the prices of imports would increase to the extent of tariff. The increased prices will reduced the demand for imported goods and at the same time induce domestic producers to produce more of import substitutes. Non-essential imports can be drastically reduced by imposing a very high rate of tariff. Therefor, reducing tariffs will further increase balance of payment deficits.

Correct Answer: D. #168,500

Explanation

The net workingcapital formula is calculated by subtracting the current liabilities from the current assets.

Assets = 190,500

liabilities = 14,000 + 8,000 = 22,000

190,500 - 22,000 = 168,000 (capital)

Correct Answer: D. Certificate of Incorporation

Correct Answer: D. indemnity

Correct Answer: D. increased cost of production

Correct Answer: A. is an animal legume