The unemployment associated with a recession is called
Voluntary
Frictional
Cyclical
Structural
Maximum
Correct answer is C
No explanation has been provided for this answer.
Exist when manpower is not being utilized efficiently
Calls for the implementation of five plans
Can be eliminated if the press is free
Can be eliminated if the capital output ratio is increased
Is a statistical artifact with no economic meaning
Correct answer is A
No explanation has been provided for this answer.
For a non-discriminating monopolist in Nigeria, price at the profit maximizing output is
Equal to marginal cost
Greater than marginal cost
Greater than average total cost
Equal to marginal revenue
Equal to toal revenue
Correct answer is B
No explanation has been provided for this answer.
The act of combining factor inputs in order to obtain specific output is known as
Factor procurement
Manufacturing
Investment
Industrialization
Production
Correct answer is E
No explanation has been provided for this answer.
Excess supply
Favouritism
Bribery and corruption
Black marketing
Hoarding
Correct answer is A
No explanation has been provided for this answer.