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3126
Demand for labour depends on the following factors EXCEPT
  • A. number of industries/enterprises
  • B. nature of industries/business enterprises
  • C. price of labour
  • D. demand for labour output and prices
  • E. the period of training
View Answer & Discuss NECO 2004
3127
The main industrial cities in Nigeria are
  • A. Ikeja, Kano, Onitsha and Port-Harcourt
  • B. Kaduna, Dutse, Ogbomoso a Calabar
  • C. Kano, Ilesa, Vadeikya and Afikpo
  • D. Maiduguri, Ikote Ekiti, Moniya and Akungba
  • E. Mokwa, Ijebu-ode, Warri and Gummel
View Answer & Discuss NECO 2004
3128
The basic economics problem of what to produce arises as a result of
  • A. competing demands for scarce resources
  • B. excessive supply
  • C. the availability of too many experts
  • D. the failure of the price system
  • E. the reduction of poverty
View Answer & Discuss NECO 2004
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3129
In international trade, when payments of a country are higher than the receipts, then the balance of payment is
  • A. favourable
  • B. in equilibrium
  • C. perfect
  • D. unfavourable
  • E. uniform
View Answer & Discuss (5) NECO 2004
3130
Which of the following is NOT a major role of OPEC in production, and marketing of petroleum?
  • A. Coordinating and unifying petroleum policies of member countries
  • B. Ensuring efficient and regular supply of oil to the two market
  • C. Raising the revenue of member countries from oil through price increase
  • D. Refining of petroleum products in member countries
  • E. Stabilizing oil prices putting a production ceiling
View Answer & Discuss NECO 2005
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