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.
The contribution of petroleum to the economy of nigerian is most prominent in the area of
Employment generation
Fuel provision
Infrastructural development
Revenue generation
Technical know-how
Correct answer is D
No explanation has been provided for this answer.
An economic system in which individual control the productive resources is known as
Capitalism
Communism
Freedomism
Socialism
Welfarism
Correct answer is A
No explanation has been provided for this answer.