Through membership of the Economic Community of West African States (ECOWAS) countries have achieved
A large market for their products
Emancipation of Africa
Full employment of resources
Higher transportation cost of goods within the region
Military superiority over other African countries
Correct answer is A
No explanation has been provided for this answer.
The demand curve of a perfect competitive market is infinitely elastic indicating that the firm can
Refuse to sell any quantity
Sell any quantity of output at the prevailing price
Sell fixed quantity of output at the prevailing market price
Sell less quantity
Sell more quantity at a higher price
Correct answer is B
No explanation has been provided for this answer.
Which of the following is a form of business enterprise?
Cartel
Entrepreneurship
Partnership
Stock exchange
Supermarket
Correct answer is C
No explanation has been provided for this answer.
Taxes levied on locally manufactured goods are called
Custom duties
Excise duties
Purchase tax
Sales tax
VAT
Correct answer is B
No explanation has been provided for this answer.
The price and quantity of crude oil and petrol sold to other countries by Nigeria is fixed by the
ECOWAS
IMF
OPEC
NNPC
None
Correct answer is C
No explanation has been provided for this answer.
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