The fundamental economic problem in every society is
...The fundamental economic problem in every society is
The large number of the unemployed
Limited supply of productive resources
Inadequate supply of money
Corruption and mismanagement
Correct answer is A
The fundamental economic problem facing all societies is the problem of scarcity or limited resources to satisfy human wants. As we all know, human wants and unlimited, and the resources meant to satisfy these needs are less than required.
When elasticity is zero the demand curve is ...
A major disadvantage of a socialist economy is that ...
In a capitalist system goods are produced for those who ...
A supply curve which is vertical has an elasticity co-efficient of ...
The technical relationship between the physical inputs and the physical outputs of a firm is ...
In national income accounting, the term ''net'' is used to indicate that a value.......
If the quantity of men's hat demanded per week is represented by the function Qd=20-\(\frac{1}{3...
If Nigeria has comparative advantage over Ghana in producing cocoa, this means_________? ...
The supply curve of a locally-produced good may shift to the right if ...