Which of the following is an advantage of free enterprise economy?
Allocates resources better
Avoids extreme Inequality of income
Full employment
It is very competent In providing vital social services
No need of employing a host of officials to allocate resources
Correct answer is D
No explanation has been provided for this answer.
Balanced
Deficit
Restricted
Surplus
Correct answer is D
No explanation has been provided for this answer.
Which of the following is NOT an advantage of localization of industry?
Availability of social amenities
Development of subsidiary industries
Highly organized markets
Supply of skilled labour
Traffic De-congestion
Correct answer is E
No explanation has been provided for this answer.
Which of the following is NOT a positive contribution a petroleum to Nigeria economy?
Development of bat infrastructures
Increase in National income
Major employer of labour
Major foreign exchange earned
Turning the nation to mono-product economy
Correct answer is E
No explanation has been provided for this answer.
Cooperative farming
Mechanized farming
Peasant farming
Plantation farming
Tree planting
Correct answer is B
No explanation has been provided for this answer.