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.
Taxes which are levied on a person’s expenditures are known as? ...
International trade depends on the concept of? ...
The difference between birth and death rates of a given population is referred to as the ...
Which of the following is NOT a function of the IMF? ...
The process of building up country’s capacity to process raw materials for the production of g...
The primary goal of development planning in Nigeria is to ...
Economic growth is different from economic development because economic growth ...
Livestock production in West Africa is hindered mainly by ...
A good measure of the standard of living usually used for international comparison is______ ...