Normative economics deals with
What is and not what should be
Facts and not figures
Facts and figures
Value judgements
Correct answer is D
Normative economics deals heavily with value judgments and theoretical scenarios.
The shape of a production possibility frontier is determined by the
Increasing relative costs
Returns to scale
Diminishing returns to a fixed factor
Increasing returns to a variable factor
Correct answer is A
No explanation has been provided for this answer.
N1.5m
N2.0m
The house
The car
Correct answer is C
No explanation has been provided for this answer.
N5,200
N4,760
N4,670
N2,080
Correct answer is C
No explanation has been provided for this answer.
The Economic Commission for Africa was set up by the
UNO
ECOWAS
OAU
IMF
Correct answer is A
The United Nations Economic Commission for Africa was established in 1958 by the United Nations Economic and Social Council to encourage economic cooperation among its member states.