TMA4/ECO247

My TMA Home TMA Results My Pending TMA Quick Help My TMATMA InstructionCourse DetailTMA CalendarGrading Message BoardQuick InfoInstructor Message Quiz NoteQuiz Tip - 1Quix Tip - 2 TMA Quiz Questions   TMA: TMA4/ECO247 Matric Number:  SCORE=9.00 ECO247 - The Nigerian Economy in Perspective II Mrs. Odishika Vivian Anietem (vodishika@noun.edu.ng )   1 The character and pace of economic development is ultimately determined by the Physical capital of a nation Human resources of any nation Mineral resources of a nation Financial resources of a nation 2 Which tier of government is in charge of referral Medicare, to which teaching and specialist hospitals belong State government Federal government Local governmet Federal and State government 3 One of the negative impacts of the Trans-Saharan trade on Nigeria was that It promoted the growth of the desert ports It involved slave trading It introduced several consumable goods into the economy It took Nigeria out of isolation from the rest of the world 4 The merging to various degrees of economic and economic policies of two or more countries in a given region is termed Globalization Economic participation Economic integration Economic relationship 5 Which one of the following options is not a problem facing ECOWAS Non dependence on revenue from import duties Divided loyalty Political instability Differences in Currency 6 Health has been defined by the World Health Organisation (1996) as a state of Complete physical, mental and social well-being and not merely the absence of disease or deformity  Being strong Being physically fit Absence of disease or deformity 7 In Nigeria, the fall in the contribution of the construction industry to the GDP in the late 1980s and early nineties is attributed to Lack of resources Lack of skilled manpower Recession of the early eighties Corruption 8 The following except one are types of economic integration Free Trade Area Economic Union Economic sanctions The Common Market 9 The explicit harmonisation of monetary policies and the common pool of foreign exchange reserves under the authority of a single central bank is called ? Monetary Unification Monetary Integration Economic Integration Financial Integration 10 The Millennium Development Goals (MDGs) has Ten international development goals Eight international development goals Five international development goals Seven international development goals 11 The primary objective of the money market is to raise long term funds medium term funds short term funds short and long term funds 12 One of these is not a quality of education it raises the quality of life it improves health and productivity in the market and non-market work it is time and money consuming increases individual access to paid employment 13 The word which best describes the activities of buying, selling, exchange and distribution of goods and services, domestically and locally is ? Commerce Economics Trade Marketing 14 One glaring feature of the Building and Construction Industry in Nigeria is the growing dependence on substandard materials cheap materials local materials imported building materials 15 One of these is not an advantage of economic integration It aims at reducing the external vulnerability of the participants It aims at increasing the level of economic activity through increase trade It stimulates healthy competition It aims at increasing national sovereignty 16 Small and Medium scale Enterprises are assumed to be the engine of growth of most economies as they perform the following growth enhancing functions Reduce the per capita income and output, create employment opportunities and the promotion of resource utilisation Increase the per capita income and output, create employment opportunities and the promotion of resource utilisation Increase the per capita income and output, create unemployment and the promotion of resource utilisation Increasing the per capita income and output, create employment opportunities and the promotion of urban slums 17 The Alma-Ata Declaration states that the essential functions of the Primary Health Care include all of these except Provision of essential drugs Provide supportive services such as diagnostic, blood bank, rehabilitation, and physiotherapy Providing education concerning prevailing health problems and the methods of preventing them Provide adequate supply of safe water and basic sanitation 18 One of these is not a factor hindering the growth of the building and construction sector Sourcing raw materials internally Delay payment concerning disbursement of contracted payments Rigid rules Rising cost of inputs 19 Economic Community of West African States (ECOWAS) , aims at Promoting competition among member states Promoting co-operation and development in all fields of economic activities Promoting rivalry among member states Promoting suprimacy among some member states 20 One of these is not an objective of NEPAD To promote the marginalisation of Africa in the globalisation process To accelerate the empowerment of women To eradicate poverty To enhance its full and beneficial integration into the global economy