Home / Aptitude Tests / Economics / The logical sequence...

The logical sequence of basic concepts in economics is

The logical sequence of basic concepts in economics is

A.

Wants, scarcity, choice and opportunity cost

B.

Wants, choice, scarcity and opportunity cost

C.

Scarcity, wants, choice and scale of perference

D.

Scarcity, choice, scale of preference and opportunity cost.

View answer & explanation

Correct answer is A

No explanation has been provided for this answer.

See all Economics questions & answers
See more JAMB questions & answers
Similar Questions

A country has a surplus in its balance of visible trade if ...

The organisation of productive factors is the reponsibility of the? ...

Which of the following will be the effect of allowing only economic factors to dedicate the location...

Insurance companies invest mainly in instruments trade on the ...

An example of government's recurrent expenditure is ...

If the coefficient of price elasticity of supply is greater than one, the supply is said to be ...

If a housewife has meat and tomatoes, she must find someone who wants meat and has tomatoes to give....

One of the reasons why government may erect a trade barrier is to ...

A characteristic of a debenture is that ...

Government can control inflation by ...

Aptitude Tests

Quantitative Reasoning Questions and Answers

Spatial Reasoning Questions and Answers

Puzzles Questions and Answers

Data Interpretation Questions and Answers

Abstract Reasoning Questions and Answers

Situational Judgement Questions and Answers

Personality Test

Logical Reasoning Questions and Answers

Verbal Reasoning Questions and Answers

Microsoft Office Questions and Answers

Typing Speed and Accuracy Test

Numerical Reasoning Questions and Answers

Nigeria General Knowledge Questions and Answers

See all →