Shortage of commodity
Unlimited demands for consumer goods
Limited supply of goods and services
Total absence of a commodity in the market
High cost of a commodity
Correct answer is C
No explanation has been provided for this answer.
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.