FUTA Economics 2015/2016 Past Questions

Restriction on credit creation by commercial banks can be effected through

Counter trading is an international arrangement whereby

In recent years, Nigeria's balance of payments has continued to register a deficit due to I. increased government overseas' spending II. increasing prices of exports III. rising import prices IV. more payment to overseas' investors

Which of the following is a direct tax?

The three major groups of government revenue are

A tax on a commodity whose supply perfectly inelastic is

Under partnership, investors who have no desires to be actively involved in the day-to-day management of such organizations are called

The cooperatives as a form of business organization differs from partnership by having

Stocking small quantities of a variety of goods is a function of the

In a joint stock company, preference shareholder are those who receive

One of the major advantages of public enterprises is that

A major effect of a long distribution chain is

The major function of the wholesaler to his customers is

The distribution channel that contributes most to the cost of production is

The law of comparative advantage states that a country should specialize in the production of a commodity

By using exchange controls, a country tries to eliminate a balance of payments deficit by