Question 4601:

Business organizations in which the owners' personal property may be forfeited in the event of bankruptcy are ____________

A. Partnerships and limited liability companies
B. Partnerships and sole proprietorships
C. Cooperatives and limited liability companies
D. Corporations and sole proprietorships

Question 4602:

The factors responsible for the current inflationary pressures in Nigeria is the ____________

A. Exchange rate depreciation
B. Increase in exports
C. Low per capital income
D. Budget surplus

Question 4603:

If the marginal utility of the last unit commodity \(\mathrm{X}\) at \(\mathrm{N} 2\) is 16 and that of commodity \(\mathrm{Y}\) at \(\mathrm{N} 4\) is 24 , the consumer will be at equilibrium when ____________

A. The price-quantity ratios are equal
B. Equal amounts of \(X\) and Yare consumed
C. Less of \(\mathrm{Y}\) and more of \(\mathrm{X}\) are consumed
D. Less of \(\mathrm{X}\) and more of \(Y\) are consumed

Question 4604:

One of the economic problems of Nigeria today arises from ____________

A. The over utilization of human and natural resources
B. In availability of mineral resources
C. Inadequate manpower resources
D. The underutilization of human and natural resources

Question 4605:

Given that B: Births; \(X=\) Emigrants;
\(D=\) Deaths; \(M=\) lmmigrants. The population of a country over a period of time will rise if ____________

A. \(B=D\) and \(X>M\)
B. \(B-D=0\) and \(M>X\)
C. \(D-B=O \text { and } M=X\)
D. \(X>M \text { and } D>B\)