The quantity of commodity a consumer is willing and able to buy at a particular time is called
See more
2023
The rate of output per worker (or group of workers) per unit time is called
See more
2023
Economists refer to private goods as
See more
2023
40 men were employed in a farm, and they produced an average of 30 tonnes of cassava per person. Calculate the total product.
See more
2023
The diagram above represent
See more
2023
Suppose the public expenditure as a percentage of GDP of four countries is shown in the table belowA40%B50%C33%D36%Which type of economy exists in these countries?
See more
2023
Which of the following Age group belongs to active Labour force?
See more
2023
From the graph below, Point "E" shows--------------
See more
2023
A persistence rise in the prices of inputs will lead to
See more
2023
When a generalization is made based on observed facts, it is
See more
2023
The economies of West African Countries depend majorly on
See more
2023
Which of the following would not be a reason for a government to impose a quota on imports?
See more
2023
Macroeconomics focuses on the following units in an aggregative manner
See more
2023
If demand function for a product is Qd = 30 - 4P, and the price and quantity of products is 4 and 14 respectively. What is the price elasticity of demand for the product?
See more
2023
An increase in nominal income without increase in price will result to
See more
2023
Identify one of the following which can NOT be used to close deflationary gap
See more
2023
The decision to consume more of one product under normal circumstances will apply
See more
2023
Indicator of underdevelopment is
See more
2023
Which of the following is the resultant effect of a fall in the profit margin of producers in an economy?
See more
2023
Part-time workers who desire full-time employment are: