A market situation with few sellers and many buyers is called
Monopoly
Duopoly
Oligopoly
Perfect competition
Monopsony
Correct answer is C
No explanation has been provided for this answer.
Which of these is NOT associated with the problem of internal trade?
Bargaining
Lack of specialization
Market trade unions
Natural barriers
Large number of middlemen
Correct answer is D
No explanation has been provided for this answer.
One of the fundamental economic problem of every society is
Allocation of scarce resource
Availability of market
Consumption pattern of inhabitant
Presence of middle man
Inadequate labour force
Correct answer is A
No explanation has been provided for this answer.
Transcationary motive implies, holding money
For future investment
For day to day expenses
For unforeseen contingencies
To settle previous debts
To buy share in the stock exchange market
Correct answer is B
No explanation has been provided for this answer.
The Nigerian indigenization decree process involves
5 phases
6 phases
4 phases
3 phases
2 phases
Correct answer is D
No explanation has been provided for this answer.