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Economics Past Questions and Answers

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Economics Questions

Question 816:

Which of the following is an external economy derived by a firm?

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A Low cost opportunities enjoyed by being in a place where other producers concentrate
B Technical economics enjoyed by varying the factors of production
C Economics of management by putting administrators where the are most efficient
D Marketing advantages attained through preferential treatment in the purchase and distribution of produce

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Question 817:

Which of the following advantages of localization of industries may also be a disadvantage?

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A External economies
B Concentration of industries and of people
C Development of organized markets
D Reduced costs of research

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Question 818:

The Nigeria Bank for Commerce and Industry is?

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A A commercial Bank
B A developmment bank
C An industrial bank
D A merchant bank

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Question 819:

To control inflation, the monetary authorities of a country can?

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A Reduce taxes
B Advise government to increase its expenditure
C Engage in expansive monetary policy
D Engage inrestrictive monetary policy

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Question 820:

Which of the following is used by the Central Bank to control the rate of interest?

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A Bill of Exchange
B Banker's order
C Fixed deposit account
D Open market operation

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