Economics is a social science concerned with the proper u...
Economics is a social science concerned with the proper use and_____
Production of goods and services
Distribution of wealth
Allocation of resources for growth
Creation of utility
Correct answer is C
Economics study scarcity because the resources are limited. Also, it helps to study how resources are allocated or used up by the government, firm and individual.
One of the important features of perfect competition is_____? ...
The oil boom between 1970 - 1980 caused the oil sector to become___________ ...
Total revenue can be obtained by multiplying ...
Balance of trade is define as the relationship between ...
The ordinary partner in a partnership ...
Trades among nations is desirable because ...
Patents and copyrights enable monopolists to ...
The outward shift to the production possibility curve could be due to ...
The World Trade Organization is responsible for ...
A change in the pump price of petrol in Nigeria has a direct effect on the ...