A scientific approach in economic analysis entails
A deductive method only
Both inductive and normative methods
A normative method only
Both inductive and deductive methods
Correct answer is B
No explanation has been provided for this answer.
Privatization and commercialization of public enterprise in Nigeria is necessitated by
The IBRD conditions
The government's loss of interest in them
Their operational inefficiency
The IMF conditions
Correct answer is C
No explanation has been provided for this answer.
One of the reason for an exceptional demand curve is the
Expectation of a future change in price
Availability of credit facilities
Change in the price of the commodity
Availability of substitutes
Correct answer is A
No explanation has been provided for this answer.
The major objective of a revenue allocation formula in a country is to
Share revenue between the different tiers of government
Divert revenue from areas of surplus to areas of need
Ensures the financial viability of the country
Share revenue between the public and private factors
Correct answer is A
No explanation has been provided for this answer.
Consumers are willing to pay higher prices
Supply is facing competition
Other factors than price have changed
Price has changed
Correct answer is C
No explanation has been provided for this answer.