The following are bye-products of crude oil EXCEPT
Bitumen
Kerosene
Paraffin wax
Perfume
Petrol
Correct answer is D
No explanation has been provided for this answer.
The following are the objectives of economic planning EXCEPT
Achieving balanced growth
Diversification of the economy
Creation of more employment opportunities
Equitable allocation of resources
Rapid population growth
Correct answer is E
No explanation has been provided for this answer.
The theory of absolute advantage was propounded by
Adam Smith
David Ricardo
Irving Fisher
JB Kynes
Thomas Malthus
Correct answer is A
No explanation has been provided for this answer.
The function muv/muz = py/pz represents
Consumer’s average utility level
Diminishing marginal utility
Increasing marginal utility
Marginal theory of price
Utility maximization
Correct answer is E
No explanation has been provided for this answer.
The first oil refinery in Nigeria was established at
Alesa Eleme
Araromi
Kaduna
Oloibiri
Warri
Correct answer is D
No explanation has been provided for this answer.