One of the instruments of protection of infants industries is the

A. price control board

B. open market operation

C. tarrif

D. GDP-deflator

E. multiplier

Inflation caused by increase in demand can be curbed by

A. exporting more goods and services

B. hoarding of goods

C. increasing the level of output

D. increasing the level of money supply

E. reducing importation

Which of the following is a function of commercial banks?

A. issuing currencies

B. accepts deposits

C. Are the bankers' bank

D. Determine the rate of interest

E. increase of time in learning a trade

Division of labour leads to

A. employment of everybody

B. decrease in output

C. monotony of work

D. increase of time in workshops

E. increase of time in learning a trade

The largest employment sector in a typical West African country is

A. construction

B. transportation

C. petroleum

D. agriculture

E. manufacturing

The indigenisation policy in Nigeria is aimed at

A. nationalising foreign businesses

B. alternating foreign investors

C. commandeering foreign businesses in Nigeria

D. expelling foreign investors and taking over their investment

E. increasing equity participation and control by Nigerians

The foregone alternative in Economics is simply the

A. marginal cost

B. cost of foreign products

C. total cost

D. opportunity cost

E. average cost

All the following are different forms of money except

A. bank notes

B. demand deposits

C. coins

D. currency

E. bank sellers

The developments banks are essentially different from commercial banks because they

A. medium and long term loans

B. open current accounts for their customers

C. discount bills of exchange

D. are lenders of last resort

E. carry out open market operations

The outward shift to the production possibility curve could be due to

A. military conquest

B. increased money supply

C. inflation

D. economic growth

E. massive importation