Time deposit has the same meaning as

• A. current account
• B. demand deposit
• C. deposit account
• D. bank deposit

Dumping in international trade means selling a goods at a

• A. higher price at home than abroad
• B. lower price at home than abroad
• C. price that equates marginal cost with marginal revenue
• D. price above marginal cost abroad

Average Variable Cost (AVC) curve

• A. is U-shaped
• B. rises from left to right
• C. Slopes upwards
• D. is horizontal to the X-axis

The most important factor ensuring economic development is the?

• A. effective mobilization of domestic savings
• B. presence of foreign capital
• C. formulation of appropriate government policies
• D. attraction of foreign aids and grants

which of the following business establishment are not motivated mainly by profit?

• A. Public Limited Companies
• B. Private Limited Companies
• C. Holding companies
• D. Co-operatives

Natural growth rate of population can be defined as the

• A. difference between birth rate and death rate
• B. number of births in a year
• C. increase in the population growth in a year
• D. difference between the total population and the death rate

In Nigeria, most agricultural policies are aimed at______?

• A. Ensuring equitable distribution of income
• B. Liberalizing all sectors of the nation's economy
• C. Encouraging the development of manufacturing sector
• D. Achieving self-sufficiency in food production

The petroleum industry in Nigeria is an example of a

• A. capital-intensive industry
• B. service industry
• C. labour-intensive industry
• D. tertiary production industry

local firms can help in reducing unemployment in a country when?

• A. land acquisition becomes centralized
• B. imports of substitutes are reduced
• C. waste in the firm is eliminated
• D. subsidies to firms are decreased

Which of the following is not a member of OPEC?

• A. Indonesia
• B. Iran
• C. Venezuela
• D. Egypt