The comparison of the standard of living between Nigeria and Ghana is best down through the use of
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2024
When combination of two goods which a consumer derive equal satisfaction is plotted on a graph, the graph is known as
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2024
From the diagram below, the equilibrium wage rate is
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2024
If the marginal utility of commodity is equal to its price, then
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2024
The formular used by the Expenditure approach to calculate National income is
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2024
The willingness of an individual backed up with purchasing power at a given time is
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2024
If the price of commodity X rises and consumers shift to commodity Y, then commodities X and Y are
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A price floor is usually fixed
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Which of the following is NOT a factor that brings about changes in demand?
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A producer who can only influence the price of his product but canNOT determine the quantity to be sold is referred to
as
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2024
If the prices of a commodity increases from N8.00 to N10.00 and the demand decreases from 100 to 80 respectively, wha is the price elasticity of demand for the commodity?
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An exceptional demand curve can result from
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The middle value of an array figure arranged in descending order is referred to as the
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Which of these is NOT associated with the problem of internal trade?
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The diagram belwo, shows the relationship between
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2024
The bank established to finances project aimed at promoting economic and social development within the African continent is
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A downward sloping demand curve means that
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Economics problems arise in all societies because
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2024
Wholesalers play an important in the distribution of goods and services because they
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2024
One of the function of united nation conference on trade and development (UNTAD) is to