Economics yr 11

Short-term loans for  investment are usually obtained  through the  

• stock market

• development market

• money market

• capital market

A major obstacle to the  development of Nigeria economy  is

 

• over dependence on oil

• poor developmental policies

• urban-rural migration

• high capital formation

  

A change from one industry to  another by a worker is an  example of  

• geographical mobility

• professional advancement

• vertical mobility

• horizontal mobility

The precautionary demand for  money is determined by  

• the level of employment

• the level of savings

• general price level

• the rate of inflation

An inflation that co-exists with  high rate of unemployment is  

• stagflation

• cost-push inflation

• demand-pull inflation

• hyperinflation

The choice of how to produce  in a command economy is  determined by  

• government

• suppliers

• industrialists

• labour union

 In capitalist economies,  questions about what to produce  are ultimately answered by

• investment decisions of firms

• consumer preferences

• output decisions of firms

• holding decision of household

A fiscal policy instrument that  can influence the demand pattern  in an economy is  

• tariff

• income tax

• subsidy

• government spending

The rate of interest charge on  loans depends largely on  

• the prevailing exchange rate

• marginal efficiency of capital

• the risk associated with the loan

• the prevailing tax rate

The quality of labour force in  Nigeria can be improved by  

• encouraging more skills acquisition centres

• encouraging the study of science and technology

• establishing more tertiary institutions

• creating sufficient job opportunities