Search SchoolNGR

Economics Past Questions and Answers

Classroom

Economics Questions

Question 1941:

In developing countries, governments influence the location of industries in order to

SchoolNGR Classroom

A Spread development
B Redistribute wealth
C Encourage enterpreneurs
D Encourage industries to earn high profits

View Answer & Explanation

Question 1942:

A disadvantage of Nigeria's dependence on imported petroleum products is the

SchoolNGR Classroom

A Instability in the demand for the products
B Dominance of multinational firms
C Instability in the supply of the product
D Poor maintenance of the refineries

View Answer & Explanation

Question 1943:

The maximum number of shareholders for a limited liability company is

SchoolNGR Classroom

A Twenty
B Five
C Seven
D Infinite

View Answer & Explanation

Question 1944:

One of the characteristics of free trade zone is

SchoolNGR Classroom

A Common tariff against non-member countries
B Different trade policies of non-member countries
C Free factor mobility within the zone
D Harmonized trade among member countries

View Answer & Explanation

Question 1945:

The primary motive for an individual engaging in production is to

SchoolNGR Classroom

A Make profit
B Satisfy basic human wants
C Redistribute wealth
D Put inputs into use

View Answer & Explanation

Stay Updated

Follow us on:

Subjects