The main concern of economists is to________
...The main concern of economists is to________
Control the growth of population
Redistribute income between the rich and poor
Satisfy all human wants
Allocate scarce resources to satisfy human wants
Correct answer is D
Economics seeks to study the relationship between ends and means. Ends are unlimited while the means are limited. Scarcity means resources are limited in relation to the ends. Economics therefore seek is concerned with allocating limited resources among the competing and unlimited wants.
Stock exchange market deals with ...
Petro-chemical industries are located in the Rivers State of Nigeria because of ________? ...
Remuneration of labour based on number of hours worked is known as ...
At a co-efficient of price elasticity of supply of 0.5, supply is ...
If elasticity of demand for a commodity is less than one, demand is ...
An increase in supply will lower price unless ...
The age distribution of a population is NOT influenced by ...