Which of the following is a non-renewable natural resources?

• A. Rubber
• B. Oil palm
• C. Coal
• D. Cocoa

Cost-push inflation occurs when

• A. production cost is high
• B. factor prices decrease
• C. there is too much money in circulation
• D. government embarks on deficit financing

The central bank Can reduce the ability of commercial banks to give out loans by

• A. raising the bank rates
• B. reducing special deposits
• C. reducing the liquidity ratio
• D. issuing more currency

A positive effect of a rapid population increase is

• A. an excessive budget deficit
• B. a reduction in standard of living
• C. a wider market for goods and services
• D. a higher dependency ratio

The profit of a monopolist can be eliminated where price equals

• A. AFC
• B. MC
• C. AC
• D. AVC

When a nation's exports are greater than its imports,_________

• A. The net foreign trade is zero
• B. A favourable balance of trade exists
• C. A favourable balance of payment exists
• D. An unfavourable balance of trade exists

which of the following is not true of a firm in equilibrium condition in perfect competition?

• A. MC is rising
• B. MC curves cuts AC curves from below
• C. MR>AR
• D. MC = AC

ECOWAS has taken a giant step towards economic integration by?

• A. presenting a united front against foreign economic exploiters
• B. introducing a common currency for travellers
• C. holding frequent meeting at various state capitals
• D. increasing economic stability among members states

The term 'oil shock' is used to describe a situation in which

• A. the demand for oil exceeds its supply
• B. oil prices have fallen drastically
• C. the demand for oil is equal to ite supply
• D. the supply of oil exceeds its demand

Non-bank financial intermediaries do not?

• A. provide credit facilities
• B. accept deposits
• C. accept demand deposits
• D. sell shares