if na u wetin u go do
Monday 22 June 2015
Lol....... See Buhari on a Church Poster (Photo)
These pastors are getting more daring and creative in their marketing. By the way that the new governor of Akwa Ibom on the right side of Buhari.
This Nigerian Doctor Claims he Can Cure HIV in 2 Months (Photo)
Nigerian Professor Produces Antivirt, An Anti Viral Drug For Treating HIV AIDS. Despite doubts in some quarters about the authenticity of his claims, Professor Maduike Ezeibe of Michael Okpara University of Agriculture Umudike (MOUAU), Abia State, has insisted that his recent therapy for the dreaded HIV and AIDS is real and effective.
The discovery of the therapy, Ezeibe said, was a major scientific breakthrough in the search for a cure to the global pandemic.
He said after 19 years of hard work, he was able to discover the therapy and his research was eventually published in the British Journal of Medicine & Medical Research.
The Professor of Veterinary Medicine, who obtained his first degree in same discipline at the University of Nigeria Nsukka in 1986, Masters in Ruminant Medicine, and doctorate degree in Canine Medicine all in UNN, said he moved to MOUAU on leave of absence.
Speaking with Southern City News in his office, he said his research into the therapy known as ‘Antivirt’ (Anti-Viral Therapy), dated back to 1994 when he took the challenge to be part of the global solution to the HIV/ AIDS scourge ravaging humanity.
Ezeibe said his work had been published by the American- based medical journal known as The Health.
Source: Nigeriancamera
Her Brother Slapped Their Mum Twice. Should She Arrest Him?
Franca shared her story and wants to know your thoughts on this?:
- A
friend of mine called me this morning to explain her ordeal when her
brother slapped their mum twice last night. I was confused on the issue.
We need your advice urgently. Here's what happened: His name is Oscar.
In 2006 after finishing his NYSC he looked for a job for 2 years without
success. During his NYSC year he served in Lagos and started dating a
girl, Tania. After NYSC, they were still dating. This girl has an OND.
She works at one of the major Accounting/ management firms in Nigeria.
In 2008, her company was employing. And she told her bf, Oscar. That's
how he got his job with the company.
UNIUYO FEMALE HOSTEL GOES UP IN FLAMES SEE DETAILS
But whatever celebration, characteristically modest or unusually lavish,
planned for the day, went up in flames literally and literarily,
turning the planned or muted celebration into anger, anguish and sorrow.
Akpors And His Father don Come Again
Akpos came late to school and his teacher asked, "Akpos, why are u late to school?".
He replied, "My papa dey find his money for house." The teacher asked again, "Are u helping him to find it?".
Akpos answered, "No, I was standing on it till he comot for house." Hahahahahahaha
FORGET about Marriage If you can't answer these 20 Questions Here
You *must* have these internal conversations before walking down the aisle.
Maybe you’ve been together a while and are considering taking a big step, or perhaps you just started seeing one another and aren’t sure if you should stay the course.
Whatever your situation, a check-in is never a bad thing.
Read on for 20 tough questions to ask about your relationships before moving forward.
1. Is for better or worse making me better or worse?
Does your partner encourage you to be your best self, or does he or she get intimidated by any triumphs and feel more secure when you’re not putting your best foot forward?
2. Do we really accept one another?
There will always be things you want to change about the people in your life, but no one should be in a situation where they feel they aren’t allowed to be authentic and accepted as the unique, special (yet flawed) person they are.
3. Who am I?
How can you know if your partner is a good match if you have no idea who you are?
4. Am I happy to be in this relationship?
The idea of sharing a life together is not to find someone to complete you or make you happy. But let’s face it: being unhappy at home can seep into other areas of your life …and fast. If you’re always fighting or just generally not feeling great about your twosome, it doesn’t mean you have to bail out (counseling might be a good option) but marrying someone in the hope that it changes things is a bad, bad idea.
5. Am I feeling trapped?
Do you really want to be in this relationship the majority of the time or do you find yourself wishing for a way out? Do you stay because you’ve invested time or are you really invested in your mate?
6. What am I doing to hold us back?
Maybe you could be more attentive, more thoughtful, quicker to let things go, or the first to bring up going to counseling. Whatever it is, take this as your sign to step up.
7. Is this relationship balanced?
Do you feel you’re both on the same page in terms of compromise, care, support and sacrifice? Or is one of you doing most of the giving while the other just sits with their hand out?
8. Can we have fun together?
Have you ever seen two people sit across from one another in silence at brunch as though they are being forced to walk through their day together? Not. fun.
9. Can we have fun apart?
Co-dependency ain’t cute, y’all.
10. Why am I in this relationship?
Is it because you respect, love, trust, and value the person you are with? Or because you’re afraid of being alone, worried about finances, or have built a life you’re scared to leave?
11. Where is this going?
Living in the “now” is great, but eventually the partnership will need a plan or someone will begin to feel anxious.
12. Do I really trust my partner?
For some, the immediate response to this can be devastating. If you’re one of them, it’s time to ask why and how you can begin to build or rebuild trust. Without it, there’s no chance.
13. Am I with a good person?
Knowing what you know about your partner today, would you vouch for them if they were a friend?
14. Am I attracted to my partner?
Physical attraction is hardly the most important component in a relationship, but forcing yourself to be in a relationship with someone who you’re not attracted to — just because it’s comfortable or “perfect on paper” isn’t fair to anyone. You will feel resentful and they will feel rejected.
15. Am I a parent or a partner?
Taking care of someone you love is a great thing to do, but when you feel like you’re raising aboyfriend — or worse, a husband — things get a little complicated. You’ll resent his childish ways. Who wants to sleep with their mom?
16. Does my partner have my back?
Do you feel like you’re a part of a loyal team who stands up for one another, supports one another, and shows a united front (even when the other is not around)? Or, do you feel like you’re constantly being thrown under the bus by your mate?
17. Are we looking in the same direction?
Some couples avoid having the big talks (religion, marriage, babies) because they think that, somehow, these things will just “work themselves out.” By the time they realize they won’t, they’re in a complicated, painful situation that leaves one (or both) feeling a little bit duped.
18. Are we growing together?
Being a human being living on this earth, we all have a right to grow and develop, and create a full life for ourselves. Are you and your partner still indulging in your passions (individual and shared) and growing as individuals?
19. Am I still me?
Being in love with someone should not require changing our identity to fit someone else’s idea of who we should be, on any level.
20. What is my gut telling me?
Airtel Appoints 2Face, Phyno, Patoranking as Brand Ambassadors
Leading Telecommunications service provider, Airtel Nigeria, has appointed music legend, TuFace Idibia; rap artiste Phyno; reggae dancehall singer, Patoranking; one of Nigeria’s fastest rising comedian, Akpororo and renowned On- Air-Personality, IK Osakioduwa as brand ambassadors.
It's not by force to feature Wizkid or Banky W - Skales
Skales is probably getting tired of explaining why he didn't feature Wizkid or Banky W in his debut album 'Man of the Year'..
During his industry Nite event, when asked, he shot back
It’s not by force to feature them. Besides, everybody have their different schedules, so the time didn’t fit in for us all. This album had been ready a long time ago, so that’s another reason.”
Full List Of 2015 Top 20 Richest Musicians In Nigeria – (Psquare ($128M), Don Jazzy ($35M)
Nigerian musicians are known for their flamboyant livestyles, especially
with some flaunting their wealth publicly, but not all of them are as
wealthy as they appear.
While many of them have endorsement deals with multinational companies, telecommunication companies as well as other money- spinning companies, some others have huge investments, all of which have further boosted their status in the society alongside their wealth.
While many of them have endorsement deals with multinational companies, telecommunication companies as well as other money- spinning companies, some others have huge investments, all of which have further boosted their status in the society alongside their wealth.
Nigerian Mosquitoes Bite 'Oyibo' Woman To Death (Photo)
Turkish Airlines (THY) flight attendant Selda Durmaz has lost her life on Friday night in an Istanbul hospital as a result of a mosquito bite in Nigeria, while she was on duty.
Durmaz flew with THY to Nigeria's capital city of Lagos.
When she returned back to Istanbul, she went to the hospital because of a persistent high fever.
Twice she was diagnosed with the flu, according to allegations, but the third hospital diagnosed her with malaria.
Durmaz was later given medical treatment in Istanbul at a private hospital, but she lost her life on Friday night at around 2 a.m
Finally! Wande Coal shows us his son (photos).
I’ve never seen a photo of his son. He’s about six or so and looks just like his dad. Cute!
Three Years Ago.
A teacher was teaching in the class and was disappointed
that her students couldn’t catch up with what she was teaching. So she
said…
TEACHER: You are supposed to know this! You learned this three years ago!
AKPOS: But ma, I don’t even remember what I ate last week.
TEACHER: You are supposed to know this! You learned this three years ago!
AKPOS: But ma, I don’t even remember what I ate last week.
Geography Class.
The teacher of the geography class was lecturing on map reading.
After explaining about latitude, longitude, degrees and minutes the teacher asked, “Suppose I asked you to meet me for lunch at 23 degrees, 4 minutes north latitude and 45 degrees, 15 minutes east longitude…?”
After a confused silence, a voice volunteered, “I guess you’d be eating alone.”
After explaining about latitude, longitude, degrees and minutes the teacher asked, “Suppose I asked you to meet me for lunch at 23 degrees, 4 minutes north latitude and 45 degrees, 15 minutes east longitude…?”
After a confused silence, a voice volunteered, “I guess you’d be eating alone.”
If I had a million dollars
An English teacher asked her class to write an essay on
what they’d do if they had a million dollars. Shefidinho handed in a
blank sheet of paper.
“Shefidinho !” yelled the teacher, “you’ve done nothing. Why?”
“Because if I had a million dollars, that’s exactly what I would do !”
“Shefidinho !” yelled the teacher, “you’ve done nothing. Why?”
“Because if I had a million dollars, that’s exactly what I would do !”
Enter Here English Gurus.
Who said that english is easy… fill in this blank with YES or NO…
__________ I don’t have a brain.
__________ I don’t have a sense
__________ I am stupid
Oya nah.
__________ I don’t have a brain.
__________ I don’t have a sense
__________ I am stupid
Oya nah.
How A Man and A Woman Uses An ATM.
How A Guy Uses an ATM
1. Pull up to ATM
2. Insert card
3. Enter PIN number and account
4. Take cash, card and receipt
How A Woman Uses an ATM:
1. Pull up to ATM
2. Check makeup in rearview mirror
3. Shut off engine
4. Put keys in purse
5. Get out of car because you’re too far from machine
6. Hunt for card in purse
7. Insert card
8. Hunt in purse for tampon wrapper with PIN number written on it.
9. Enter PIN number
10. Study instructions for at least 2 minutes.
11. Hit “cancel”
1. Pull up to ATM
2. Insert card
3. Enter PIN number and account
4. Take cash, card and receipt
How A Woman Uses an ATM:
1. Pull up to ATM
2. Check makeup in rearview mirror
3. Shut off engine
4. Put keys in purse
5. Get out of car because you’re too far from machine
6. Hunt for card in purse
7. Insert card
8. Hunt in purse for tampon wrapper with PIN number written on it.
9. Enter PIN number
10. Study instructions for at least 2 minutes.
11. Hit “cancel”
I Wan Go Market.
One day a teacher asked the primary four pupils to make a sentence with “go”.
All hands were up.
He pointed at a boy, “Yes! Stand up and make a sentence with “go”.
The boy stood up and said, “I wan go market.”
The teacher shouted at him. “Common! Will you correct yourself now!”
The boy replied, “Aunty, I no wan go again.”
All hands were up.
He pointed at a boy, “Yes! Stand up and make a sentence with “go”.
The boy stood up and said, “I wan go market.”
The teacher shouted at him. “Common! Will you correct yourself now!”
The boy replied, “Aunty, I no wan go again.”
Jersey Numbers.
A curfew was declared in Lagos but some guys disobeyed the curfew by
going out to watch a football match. While coming back, they were
sighted by some Soldiers who told them they will be punished for
disobeying the curfew.
One of the soldiers noticed they were putting on jerseys with numbers and said they will be caned based on the numbers that was on each of their jerseys.
The first guy was wearing a No 12 Chelsea jersey and was flogged 12 times.
The second wore a 50 cent jersey and was also flogged 50 times. The 3rd one started crying furiously. He was putting on a “Vote For Buhari 2015″
One of the soldiers noticed they were putting on jerseys with numbers and said they will be caned based on the numbers that was on each of their jerseys.
The first guy was wearing a No 12 Chelsea jersey and was flogged 12 times.
The second wore a 50 cent jersey and was also flogged 50 times. The 3rd one started crying furiously. He was putting on a “Vote For Buhari 2015″
Let’s Play The Police Game
BOY: Let’s play the police game.
GIRL: How do we play?
BOY: I run my fingers up your leg, and you say “Redlight” when you want me to stop.
GIRL: Okay.
*Few seconds later*
GIRL: Red Light!!!
BOY: The Police don’t stop for red lights.
GIRL: How do we play?
BOY: I run my fingers up your leg, and you say “Redlight” when you want me to stop.
GIRL: Okay.
*Few seconds later*
GIRL: Red Light!!!
BOY: The Police don’t stop for red lights.
BOTANICAL NAMES
In a class was an Agric teacher who asked this question:
TEACHER: What’s the botanical name of rice?
STUDENT: Orisasativa
TEACHER: Bright Idea. Give him what he deserves. (He’s clapped for).
TEACHER: Akpos, what’s the botanical name of maize?
AKPOS: OMAIZASATIVA!
TEACHER: What’s the botanical name of rice?
STUDENT: Orisasativa
TEACHER: Bright Idea. Give him what he deserves. (He’s clapped for).
TEACHER: Akpos, what’s the botanical name of maize?
AKPOS: OMAIZASATIVA!
Jokes: Curious Questions.
I need you to answer the questions below….
[1] Can one cry under water?
[2] Do fish ever get thirsty?
[3] Why don’t birds fall off from trees when they are asleep?
[4] Why is a house called building when it is already built?
[5] When they say that dog food is new and improved, who tasted it?
[6] If money doesn’t grow on trees, why do banks have branches?
[7] Why doesn’t glue stick to it’s bottle?
[8] I love you is not a question, why does it require an answer?
[1] Can one cry under water?
[2] Do fish ever get thirsty?
[3] Why don’t birds fall off from trees when they are asleep?
[4] Why is a house called building when it is already built?
[5] When they say that dog food is new and improved, who tasted it?
[6] If money doesn’t grow on trees, why do banks have branches?
[7] Why doesn’t glue stick to it’s bottle?
[8] I love you is not a question, why does it require an answer?
Jokes: Akpors In GNS Class
Dr. Adebiyi:- Today we are talking about what we call “Question Tags”,
Examples are:-
She is Coming, isn’t she?
They have eaten,haven’t they?
Dr. Adebiyi:- Now who can give me another Example?
Taichi:- Na Yam we go chop today, Chopn’twe?
Dr. Adebiyi:- What kind of Sentence is that, Please who can Correct him?
Examples are:-
She is Coming, isn’t she?
They have eaten,haven’t they?
Dr. Adebiyi:- Now who can give me another Example?
Taichi:- Na Yam we go chop today, Chopn’twe?
Dr. Adebiyi:- What kind of Sentence is that, Please who can Correct him?
Jokes: What Is Photosynthesis?
SON: Dad, I need your help for my science homework.
DAD: OK.
SOME: What is photosynthesis?
DAD: Hmm… why not as the photographer when he comes in to take our picture.
DAD: OK.
SOME: What is photosynthesis?
DAD: Hmm… why not as the photographer when he comes in to take our picture.
Verify 2015 Neco Economics Answers – Theory & OBJ Now Available.
100% Correct NECO 2015 Economics Obj And Thoery ANSWER Available
Econs-Type A
1-10 DADDDCBBEA
11-20 DEBCCACABE
21-30 CEAAAAABDE
31-40 DCECDBBAEC
41-50 AAABDDCCCC
51-60 EDECCDBDBE
(1a) Population increase of growth rate in 2001 is
= New – Old population
= 60,000 – 45,000
= 15,000
Population growth rate in 2001 is = 15,000/45,000 x 100 = 33.33%
Growth pop. in 2003 is
= 80,000 – 70,000
= 10,000
Growth rate is = 10,000/70,000 x 100
= 14.29%
Growth pop in 2004 is = 105,000 – 80,000
= 25,000
Growth rate is = 25,000/105,000 x 100
= 23.81%
1b) Percentage of working from 2002 – 2004
In 2002 Working pop = 45
Total pop = 70
= 45/70 x 100
= 64.28%
In 2003 Working pop = 60
Total pop = 80
= 60/80 x 100 = 75%
In 2004
Working pop = 78
Total pop= 105
= 78/105 x 100
= 74.21%
Total % from 2002 to 2004 is 78 60 45 / 255 x 100
= 77.77%
1c)
* Early Marriage: people who engage in early marriage leads to having many of childrens thereby increases the size of population
* Improved medical service: this help to reduce the rate of death,hence population is sure to increase under this condition
* Increase in birthrate: when there is increase in birthrate, as it is describe in every family to have many children in west africa countries. So population of such countries increased.
========Powerloaded.com========
2.
(ai)
At Equilibrium, Qs= Qo
30 3p = 90 -2p
3p 2p = 90 – 30
5p = 60
P = 60/5 = 12
(aii)
QE = Q5 = Qp = 30 3p
= 30 3(12) = 30 36
=66
2b)
2c)
i. government policy
ii. price of other commodity
iii. technology
iv. cost of production
v. seasons
========Powerloaded.com========
3)
(a) Production is the creation of good s for the satisfaction of human wants. it can be primary, secondary or tertiary
(b)
i. what to produce: An entrepreneur is to observe and think about whats he needs to offer the public as a producer
ii. for whom to produce: an entrepreneur recognizes the set of people targeted at production and whose product are sold to
iii. how to produce: An entrepreneur decides on the method of production he wants i.e Labour intensive or capital intensive production
iv. Marketing;- An entrepreneur must creates awareness for his goods
v. Distribution An entrepreneur designs how to distribute his product so that it reaches the final consumers
=======Powerloaded.com======
6)
i) The Collateral Security Offered
ii) The Period of Repayment
iii) The Customers Referee
iv) The Earning Power of The Customer
v) The Sources of Re-payment
i)
The Collateral Security Offered: These collateral securities which are fixed assets must be the things the bank can sell easily and more than the value of the loan given .
ii)
The Period of Repayment : The period of re -payment of such loan is very important
because , the Bank would not want its loan
to be tied down for a very long time in spite of the fact that it changes interest on the loan.
iii)
The Customers Referee: The referee must be one who is well known to the bank and who will guarantee that in case the borrower defaults or becomes insolvent, that he will repay the loan .
iv)
The Earning Power of The Customer : The person’ s earnings vis -a -vis the amount to be given out as loan are some of the determining factors in granting and issuing loans.
v)
The Sources of Re -payment : The Bank Managers will also like to know the possible sources the customer intending to borrow loans has for repaying the loan.
=========Powerloaded.com=========
7a)
INTERNAL TRADE: This is a type of trade which involves the buying and selling of goods and services within a particular country e.g Nigeria , the goods and services include those goods and
services produced internally or locally.
EXTERNAL TRADE: This is a type of trade that involves the exchange of goods and services between wo or more countries, where one country specialized in the production of goods and services which it has cost advantages over another country.
7b)
i) LANGUAGE PROBLEM: Communication between businessmen from various countries with different linguistic background may be difficult.
ii) PROBLEM OF DISTANCE: It may take days or weeks before one moves from one country to another or may delay quick exchange of goods and services e.g. Nigeria and Japan.
iii) TARIFF : A country can impose import duties on imported goods and this will make the goods become more expensive .
iv) TRADE INBALANCE : International trade often leads to trade imbalance among nations with the effect that viable countries may not transact
business with the weaker ones.
v) WEIGHTS AND MEASURES: There is no international uniformity in the system of weighing and measuring of goods, hence
it has to be converted and this hinders trade.
=========Powerloaded.com========
8)
– The income of the customer
– Close substitute of a commodity
– Nature of commodity
– Ones habit
– Number of users to which a commodity is put
i)THE INCOME OF THE CUSTOMER: The higher the consumers income, the more inelastic his demand for goods and services will tend to be.
ii)CLOSE SUBSTITUTE OF A COMMODITY: Commodities which have close subtitles tend to have a high price elasticity of demand while those that do not have close substitutes are likely to be elastic.
iii)NATURE OF COMMODITY : Whether the commodity is a necessity or a luxury items will affects the elasticity of demand.
iv)ONES HABIT : when one forms a habit on the consumption of a commodity, a change in the price of that commodity will not affects ones demand for it.
iv)NUMBER OF USERS TO WHICH A COMMODITY IS PUT: It is known that the more a commodity can be put into several uses, the more elastic the
demand becomes and vice versa.
=======Powerloaded.com======
(9a)
A monopolistic competition is a market situation which combines the fundamental characteristics of both pure monopoly and perfect competition. in this type of market situation exists because neither pore monopoly nor perfect competition exists in isolation and this is a result of absence of homogeneity and heterogeneity of products sold in both market
(b)
(i) Granter Efficiency: There is a great efficiency resulting from an assemblage or pool of specialized managerial skills
(ii) Centralized Management: There is effective and proper central managements under monopoly
Econs-Type A
1-10 DADDDCBBEA
11-20 DEBCCACABE
21-30 CEAAAAABDE
31-40 DCECDBBAEC
41-50 AAABDDCCCC
51-60 EDECCDBDBE
To Make Us Happy Of Our Work. Jex Comment,
Click On The Share Button Below And Invite Atleast 100 Of Your Friend To
Powerloaded.com *Chikena*
=======Powerloaded.com=======(1a) Population increase of growth rate in 2001 is
= New – Old population
= 60,000 – 45,000
= 15,000
Population growth rate in 2001 is = 15,000/45,000 x 100 = 33.33%
Growth pop. in 2003 is
= 80,000 – 70,000
= 10,000
Growth rate is = 10,000/70,000 x 100
= 14.29%
Growth pop in 2004 is = 105,000 – 80,000
= 25,000
Growth rate is = 25,000/105,000 x 100
= 23.81%
1b) Percentage of working from 2002 – 2004
In 2002 Working pop = 45
Total pop = 70
= 45/70 x 100
= 64.28%
In 2003 Working pop = 60
Total pop = 80
= 60/80 x 100 = 75%
In 2004
Working pop = 78
Total pop= 105
= 78/105 x 100
= 74.21%
Total % from 2002 to 2004 is 78 60 45 / 255 x 100
= 77.77%
1c)
* Early Marriage: people who engage in early marriage leads to having many of childrens thereby increases the size of population
* Improved medical service: this help to reduce the rate of death,hence population is sure to increase under this condition
* Increase in birthrate: when there is increase in birthrate, as it is describe in every family to have many children in west africa countries. So population of such countries increased.
========Powerloaded.com========
2.
(ai)
At Equilibrium, Qs= Qo
30 3p = 90 -2p
3p 2p = 90 – 30
5p = 60
P = 60/5 = 12
(aii)
QE = Q5 = Qp = 30 3p
= 30 3(12) = 30 36
=66
2b)
2c)
i. government policy
ii. price of other commodity
iii. technology
iv. cost of production
v. seasons
========Powerloaded.com========
3)
(a) Production is the creation of good s for the satisfaction of human wants. it can be primary, secondary or tertiary
(b)
i. what to produce: An entrepreneur is to observe and think about whats he needs to offer the public as a producer
ii. for whom to produce: an entrepreneur recognizes the set of people targeted at production and whose product are sold to
iii. how to produce: An entrepreneur decides on the method of production he wants i.e Labour intensive or capital intensive production
iv. Marketing;- An entrepreneur must creates awareness for his goods
v. Distribution An entrepreneur designs how to distribute his product so that it reaches the final consumers
=======Powerloaded.com======
6)
i) The Collateral Security Offered
ii) The Period of Repayment
iii) The Customers Referee
iv) The Earning Power of The Customer
v) The Sources of Re-payment
i)
The Collateral Security Offered: These collateral securities which are fixed assets must be the things the bank can sell easily and more than the value of the loan given .
ii)
The Period of Repayment : The period of re -payment of such loan is very important
because , the Bank would not want its loan
to be tied down for a very long time in spite of the fact that it changes interest on the loan.
iii)
The Customers Referee: The referee must be one who is well known to the bank and who will guarantee that in case the borrower defaults or becomes insolvent, that he will repay the loan .
iv)
The Earning Power of The Customer : The person’ s earnings vis -a -vis the amount to be given out as loan are some of the determining factors in granting and issuing loans.
v)
The Sources of Re -payment : The Bank Managers will also like to know the possible sources the customer intending to borrow loans has for repaying the loan.
=========Powerloaded.com=========
7a)
INTERNAL TRADE: This is a type of trade which involves the buying and selling of goods and services within a particular country e.g Nigeria , the goods and services include those goods and
services produced internally or locally.
EXTERNAL TRADE: This is a type of trade that involves the exchange of goods and services between wo or more countries, where one country specialized in the production of goods and services which it has cost advantages over another country.
7b)
i) LANGUAGE PROBLEM: Communication between businessmen from various countries with different linguistic background may be difficult.
ii) PROBLEM OF DISTANCE: It may take days or weeks before one moves from one country to another or may delay quick exchange of goods and services e.g. Nigeria and Japan.
iii) TARIFF : A country can impose import duties on imported goods and this will make the goods become more expensive .
iv) TRADE INBALANCE : International trade often leads to trade imbalance among nations with the effect that viable countries may not transact
business with the weaker ones.
v) WEIGHTS AND MEASURES: There is no international uniformity in the system of weighing and measuring of goods, hence
it has to be converted and this hinders trade.
=========Powerloaded.com========
8)
– The income of the customer
– Close substitute of a commodity
– Nature of commodity
– Ones habit
– Number of users to which a commodity is put
i)THE INCOME OF THE CUSTOMER: The higher the consumers income, the more inelastic his demand for goods and services will tend to be.
ii)CLOSE SUBSTITUTE OF A COMMODITY: Commodities which have close subtitles tend to have a high price elasticity of demand while those that do not have close substitutes are likely to be elastic.
iii)NATURE OF COMMODITY : Whether the commodity is a necessity or a luxury items will affects the elasticity of demand.
iv)ONES HABIT : when one forms a habit on the consumption of a commodity, a change in the price of that commodity will not affects ones demand for it.
iv)NUMBER OF USERS TO WHICH A COMMODITY IS PUT: It is known that the more a commodity can be put into several uses, the more elastic the
demand becomes and vice versa.
=======Powerloaded.com======
(9a)
A monopolistic competition is a market situation which combines the fundamental characteristics of both pure monopoly and perfect competition. in this type of market situation exists because neither pore monopoly nor perfect competition exists in isolation and this is a result of absence of homogeneity and heterogeneity of products sold in both market
(b)
(i) Granter Efficiency: There is a great efficiency resulting from an assemblage or pool of specialized managerial skills
(ii) Centralized Management: There is effective and proper central managements under monopoly
Jokes: Welcome to the 21st Century where.
Welcome to the 21st Century where..
Our Phones are WIRELESS
Cooking is FIRELESS
Cars are KEYLESS
Food is FATLESS
Our Phones are WIRELESS
Cooking is FIRELESS
Cars are KEYLESS
Food is FATLESS
