The high rate of inflation in Nigeria can be attributed t...
The high rate of inflation in Nigeria can be attributed to
Increasing cost of production
The appreciation of the naira
Decreasing cost of production
High capacity utilization
Correct answer is A
Increase in the cost of production would lead to a rise in prices. And this has been a major cause of inflation in Nigeria, as plenty money would be used to purchase very few goods.
A major achievement of the Organization of Petroleum Exporting Countries (OPEC) is that ...
Find the median of the following set of data 35,10,14,38,15,18,22,30 and 28 ...
Which of these would NOT increase the population of a country? ...
Economics may be defined as _______ ...
Which of the following yields more revenue to Nigeria? ...
Which of the following is not emphasized in a product possibility curve? ...
To finance a deficit balance of payment, a country may decide to ...