The necessity of choice is due to the fact that
Human wants are insatiable
Consumers like to maximize satisfaction
Resources are abundant
Consumers are selective
Correct answer is A
No explanation has been provided for this answer.
An accurate census is important to a country because it helps
In solving unemployment problem
To ensure equitable population redistribution relative to natural resources
In deciding on the creation of more local government
In providing a second basis for formulating development policy
Correct answer is D
No explanation has been provided for this answer.
The circular flow of income defines the
Relationship between ends and means in the economic system
Allocation of income to various members of the household
Flow of goods, services amd money among the various micro-sectors of the economy
Micro-economic relationships in economic analysis
Correct answer is C
The circular flow of income is a neoclassical economic model depicting how money flows through the economy. In its simplest version, the economy is modeled as consisting only of households and firms. Money flows to workers in the form of wages and money flows back to firms in exchange for products.
Which of the following factors is NOT responsible for the rural/urban drift in Nigeria?
The infrastructural facilities in cities
Declining fertility of rural farmlands
Rural electrification programme
Higher living standards in urban areas
Correct answer is C
No explanation has been provided for this answer.
The working population refers to
A population where the average age is falling
The population within the '0 -14'age bracket
The economically active segment of the population
The dependent population
Correct answer is C
No explanation has been provided for this answer.