The price index computed between two time periods is given as 128%,This implies that the
Disposable income have increased by 28%
Living standards have fallen by 128%
Living standards have risen by 128%
Living standards have fallen by 28%
Correct answer is B
No explanation has been provided for this answer.
The monetization policy of the Nigerian government is aimed at
Encouraging public servants to retire early and become self-employed
Transferring government's properties to retired public servants
Reducing government's burden on the provision of fringe benefits to public servants
Helping government recover properties held by public servants
Correct answer is C
No explanation has been provided for this answer.
In economics, production takes place only when
Producers sell to retailers
Value has been added to a commodity
Modern equipment is used
Consumption has taken place
Correct answer is D
No explanation has been provided for this answer.
If elasticity of demand is greater than 1 and less than infinity, demand is said to be
Elastic
Perfectly inelastic
Inelastic
Perfectly elastic
Correct answer is A
No explanation has been provided for this answer.
Economic freedom is a basic feature of ______
An industrialized economy
A planned economy
A developed economy
A market economy
Correct answer is D
No explanation has been provided for this answer.