In a free market economy, resources are allocated through...
In a free market economy, resources are allocated through the
Government department
Price mechanisms
Trade union
State planning committee
Correct answer is B
In a free market economy, the allocation of resources and distribution of goods and services are made on the basis of the relative market price known as the price mechanism.
A market equilibrium exist when ...
Which of the following statement is TRUE about ECOWAS? ...
Macroeconomics focuses on the following units in an aggregative manner ...
Market for Garri: At a price of N5, the excess supply is ...
The quickest way of achieving an economic union on regional basis is to remove all ...
Which of the following is NOT an advantage of localization of industry? ...
Which of the following measures will hinder efficient distribution of goods in West Africa? ...
If the United Kingdom buys gold for $60 an ounce and Nigeria buys the same ounce for N500, wha...