A country is said to have absolute advantage when she
Has a higher opportunity cost in the production of a good
Can sell to other countries without buying from them
Can produce more of any good with fewer resources
Has a lower opportunity cost in the production of good
Correct answer is C
No explanation has been provided for this answer.
Fiscal policy is the government's plan to control aggregate demand by manipulating
the Demand and supply of money
Revenue and expenditure
Tastes and preferences of consumers
The structure of production and employment
Correct answer is B
No explanation has been provided for this answer.
The difference between birth and death rates of a given population is referred to as the
Mortality rate
Fertility rate
Natural growth rate
Linear growth rate
Correct answer is C
No explanation has been provided for this answer.
Government's involvement in agricultural business in Nigeria is most manifested in the
Establishment of farm settlements in each state of the federation
Establishment of credit guarantee scheme for small-scale farmers
Formation of farmers' cooperative societies
Procurement and distribution of fertilizers
Correct answer is D
No explanation has been provided for this answer.
The labour force in Nigeria falls between the ages of
18 and 45
18 and 55
18 and 30
18 and 60
Correct answer is D
No explanation has been provided for this answer.