Oligopoly means _________

• A. single buyer in the market.
• B. few buyers in the market.
• C. few sellers in the market
• D. More sellers in the market

which of the following financial institutions was originally known as a Building Society?

• A. Development banks
• B. insurance company
• C. Mortgage banks
• D. merchant banks

At the point where the marginal revenue of a monopolist is equal to zero, its total revenue will be?

• A. falling
• B. rising
• C. equal to zero
• D. maximum

Which of these is not usually the function of a wholesaler?

• A. Branding
• B. Storage
• C. Transport
• D. Advertising

If price of a commodity rises from N2.00 to N4.00 and its supply increases from 100 to 125, them the co-efficient of elasticity of supply is

• A. 0.025
• B. 0.24
• C. 0.22
• D. 0.25

which of the following is most likely to be of benefit to a debtor

• A. inflation
• B. deflation
• C. revaluation
• D. monetization

The fixing of maximum prices by government is mainly on

• A. imported capital goods
• B. inferior goods
• C. selected essential goods
• D. luxury goods

In developing countries, a larger percentage of the labour force is employed in the

• A. trade sector
• B. tertiary sector
• C. primary sector
• D. secondary sector

The formula for calculating price elasticity of demand coefficient is

• A. Percentage change in price/percentage change in quantity demanded
• B. Absolute decline in price/absolute increase in quantity demanded
• C. Percentage change in quantity demanded/percentage change in price
• D. Absolute decline in quantity demanded/absolute increase in price

The demand for money to take advantage of changes in bond prices is the

• A. unforeseen motive
• B. transaction motive
• C. speculative motive
• D. precautionary motive