Distribution involves the

A. movement of raw materials to production centres

B. transfer of goods and services from one market to another

C. movement of goods and services by middlemen to urban centres

D. transfer of goods and services from wholesalers to consumers

E. transfer of goods and services from production centre to consumers

Disguised unemployment

A. is a statistical artifacts with no economic meaning

B. can be eliminated if the capital output ratio is increased

C. can be eliminated if the press is free

D. calls for the implementation of five=year plans

E. exist when manpower is not being utilized efficiently

The Nigerian economy can be best describe as a

A. socialist economy

B. capitalist economy

C. mixed economy

D. controlled economy

E. domestic economy

The amount of money to be created by commercial banks is actually influenced by the

A. legal reserved ratio

B. external reserve

C. external borrowing

D. availability of money and capital market

E. bank deposits

Another name for the International Banks for Reconstruction and Development (IBRD) is

A. International Monetary Funds

B. International Development Bank

C. World Bank

D. International Bnak of Africa

E. International Bank for West Africa

The headquarter of the Organization of Petroleum Exporting Countries (OPEC) is in

A. Geneva, Switzerland

B. Vienna, Austria

C. Paris, France

D. London , Britain

E. New York, USA

The wholesale provides all the following services to the manufacturer except

A. warehousing

B. financing production

C. marketing the product

D. granting credit

E. after-sales services

The country that makes the largest contribution to the IMF is

A. The USA

B. Britain

C. West Germany

D. France

E. Norway