Economics is a social science which studies how
To redistrubute income
Human beings behave
The market price is fixed
Scarce resources are allocated to satisfy human wants
High cost of a commodity
Correct answer is D
No explanation has been provided for this answer.
Under the ECOWAS agreement, a Nigerian can enter and stay in Ghana without a visa for a period of
14 days
30 days
60 days
90 days
100 days
Correct answer is D
No explanation has been provided for this answer.
The Quantity Theory of Money states that an increase in the quantity of money would bring about
A geometrical rise in price
An unequal rise in prices
A proportionate rise in prices
An absolute rise in prices
A less that proportionate increase in prices
Correct answer is C
No explanation has been provided for this answer.
The magnitude of the national income of a country depends on all the following except the
Quantity of natural resources available
Level of technical know-how
Mobility of labour
Level of productivity
Quality and quantity of factors of production
Correct answer is C
No explanation has been provided for this answer.
Tax evasion in Economics means
False declaration od assets
Paying tax only as and when due
Declaration of assets
Tax payments according to income received
Quarreling with tax collector
Correct answer is A
No explanation has been provided for this answer.