Monetary policy aimed at reducing demand-pull inflation in the country maybe carried out through?

• A. increase in taxation of private companies, public corporations and private individuals
• B. increase in cash reserve ratio of commercial banks and the sale of government securities
• C. decrease in goverment expenditure on education
• D. direct price control in the market place

In international trade, shipping and other freight charges are treated as?

• A. invisible items
• B. unilateral transfers
• C. capital transactions
• D. autonomous capital transactions

Progressive tax structure is designed to?

• A. take more from the income of the poor
• B. take more from income of the rich
• C. take equal proportion of income from both the rich and the poor
• D. reduce the problems emanating from tax imposition

If national income rises by 6% and population rises by 3%, per capita income will?

• A. rise by 6 percent
• B. fall by 3 percent
• C. fall by 6 percent
• D. rise by 3 percent

In a mixed economy, decisions to produce are taken by?

• A. men and women acting in their own best interest
• B. the government acting in the interest of the country
• C. the market women, the labour unions and the employers association
• D. private individuals, organization and the government

Taxes and government expenditures are instrument of?

• A. monetary policy
• B. tax policy
• C. economic policy
• D. fiscal policy

The basic economic problems of the society include?

• A. what to produce, how and for whom
• B. how to produce and sell
• C. scarcity, when to produce and how
• D. scarcity, for whom to produce and where

One of the ways by which the government can speed up economic development is through the?

• A. increase in consumption pattern of the people
• B. encouragement of savings, investment and equitable distribution of goods and services
• C. increase in the rate of population growth so as to ensure that the country has a large labour force
• D. encouragement of importation of raw materials to produce consumer goods

Petroleum is the mainstay of the Nigerian economy because it is the?

• A. main foreign exchange earner
• B. greatest employer of labour
• C. greatests contributor to the growth of agriculture
• D. source of high income for its workers

\(\begin{array}{c|c}

\text{Price N} & \text{Quantity sold} \\

5 & 15 \\

5 & 16 \\

5 & 17 \\

5 & 18 \\

\end{array}\)

Marginal revenue is

• A. N5
• B. N6
• C. N8
• D. N10