Utme Economics weekly assessment 14/02/25

The economic policy of deregulation is aimed at encouraging?

a monopolistic market structure

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a duopolistic market structure

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a competitive market structure

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an oligopolistic market structure

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Under conditions of perfect competition, a firm’s supply curve is determined by its?

total cost curve

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marginal cost curve

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variable cost curve

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fixed cost curve

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The effect of an increase in demand for a commodity accompanied by a decrease in supply will be to?

raise the price of the commodity and affect the quantity in an indeterminate way

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decrease the equilibrium quantity and affect the price in an intermediate way

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raise its price as well as the equilibrium quantity

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lower it price while affecting the equilibrium quantity in an indeterminate way

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External finance for a limited liability company is mainly sourced through?

the leasing equipment

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the issuing of shares

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trade credits

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banks loans

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Some of the key indicators of underdevelopment in a country are?

poverty, high level of literacy and low income

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poverty, low level of literacy and low income

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low level of illiteracy, low income and poverty

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poverty, low income and low unemployment level

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One of the roles of NNPC in the production and refining of crude oil is to?

secure maximum government revenue and regulate price

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prevent the smuggling of petroleum products

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satisfy the domestic consumption of petroleum products

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protect the local operators in the petroleum industry

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One way of correcting the balance of payments problem of a country is to?

introduce import-promotion measures

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buy investments abroad

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devalue the currency

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de-emphasize import-substitution industries

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Which of the following yields more revenue to Nigeria?

Value added tax

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Royalties

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indirect tax

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Direct tax

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Import substitution aims at?

substituting agricultural products with industrial ones

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substituting imports with agricultural exports

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the diversification of industries

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improving the balance of payments

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A deficit budget can be used to?

stimulate recovery from a trade depression

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protect the economy from inflation

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starve the economic of funds for economic development

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provide measures to remedy the balance of payments

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Utme Economics weekly assessment 14/02/25

Utme Economics weekly assessment 14/02/25

ola February 14, 2025

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