The best method to curb inflation in Nigeria is to

• A. reduce importation of commodities
• B. increase the general level of production
• C. reduce the volume ofmoney supply
• D. set up price control boards

If the price of a commodity is fixed below equilibrium, this will lead to

• A. excess demand
• B. a decrease in price
• C. an increase in price
• D. excess supply

foreign exchange control in most West African countries is is enforced by the

• A. development banks
• B. Merchant banks
• C. ministry of economic planning
• D. Central banks

A baker bought flour and other ingredients for $250.00, spent $52.00 on distribution, sold the bread for $320.00. the value added by the baker is?

• A. $302.00
• B. $52.00
• C. $18.00
• D. $622.00

Disposable income is an income which?

• A. is available for consumption and savings
• B. pensioners receive from the government
• C. is payable to the disable members of the community
• D. accures to the environmental sanitation authorites for refuse disposal

which of the following is not a good reason for the importation of agriculture in West African countries? it

• A. employs about 60% of the people
• B. provides the highest tax revenue
• C. is a major foreign exchange earner in most of the countries
• D. provide raw materials only for foreign industries

A public limited company could finance its operations through

• A. government taxes
• B. equity shares
• C. dividend payments
• D. import duties

The type of business finances that entitles the holder to a fixed rate of dividend is?

• A. preference stock
• B. common stock
• C. debentures
• D. bank loan

If units of a variable factor are increasingly added to a fixed factor and the marginal physical product keeps increasing, production is said to be taking place under conditions of?

• A. increasing returns to the variable factor
• B. increasing returns to scale
• C. constant returns to variable factor
• D. external economies of scale

Mono production economies are those that____

• A. Produce one main commodities
• B. Have a rich cultural heritage.
• C. Specialize in agricultural industries.
• D. Produce only raw materials.