Government intervention in an economy is often justified ...
Government intervention in an economy is often justified on the ground that
Wants are unlimited while resources are scarce
Productivity is higher in the public than in the private sector
Free market may not work, or produce desirable results
Opportunity cost of government expenditure is zero
Correct answer is A
No explanation has been provided for this answer.
The additional revenue obtained by using one more unit of a factor is called ...
To overcome the problem of double counting under the expenditure approach ...
A contractionary monetary policy is used to control_________ ...
When elasticity is zero, demand curve is ...
Which of the following is not a benefit derived by Nigeria from the petroleum industry? ...
The advantages that accrue to a firm as the size of the firm increases are known as ...
The following are reward for factors of production EXCEPT ...
Completely competitive market exist when each member is a — ...
The excess profit made by a firm in a competitive market situation in the short-term is known as ...