Profitable to the production process
Purchased for the purpose of production
Combined in the production process
Provided adequately for the production process
Brought into the factory
Correct answer is C
No explanation has been provided for this answer.
It is the dependent population of Nigeria, economically
All student in Nigeria are in this group
More than 50% of all Nigerians are in this group
It is the most expensive group of the economy
It is the productive group of the economy
Correct answer is E
No explanation has been provided for this answer.
The size of that country
The rate of immigration into that country
The population census of that country
The annual death rate
The gross domestic product annual (GDP) of that country
Correct answer is D
No explanation has been provided for this answer.
Economist speak about 'opportunity cost' when a person
Has the opporunity to attain a high degree of cost minimization
Has to forego one thing in order to have another
Can equate his fixed costs with his variable costs
Is able to run his business without much expenditure
Has to maximize utility in order to maintain a high standard of living
Correct answer is B
No explanation has been provided for this answer.
Economics is a science which deals basically with
The factors of production
Allocation of scarce resources
Oil exportation
The gross domestic product (GDP)
National income
Correct answer is B
No explanation has been provided for this answer.