The purchasing power of money depends upon the__________
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2019
A retailer is distinguished by the nature of its sales, which is in___________
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Whatever form an economic system may take, choice is essential for members of the community because resources are__________
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Given two substitute goods (X and Y) with demand and supply function;Qd = 7p - 12Qs = 4p + 9Find the magnitude of excess demand when p = ₦18
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The basic and essential economic problems in a community are related to choice and________
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When a member's currency is declared "scarce", it is the duty of the IMF to______
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The oil boom between 1970 - 1980 caused the oil sector to become____________
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Poverty simply refers to the low level of________
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The business risks of a public corporation are borne ultimately________
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One of these is not a problem of agriculture___________
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Assume that, for a certain country in a given year, the index of import prices stands at 102, the index of export prices stands at 106. The terms of trade are (to the nearest whole number)
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The birth rate in 1976 for a certain country with a population of 10m was 8.0. This means that in 1976,___________
The basic principle underlying location of industry is the tendency for production of a commodity to be located on the basis of______
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Most of the National debts is "dead weight" in the sense that is____
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If the demand for a commodity is perfectly elastic, the incidence of a tax on that commodity will be, other things being equal, entirely on the_______
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The determination of wages in a labour market depends on the_______
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If wage rate is less than the average revenue product, the firms would be earning________
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Let capital formation = CF, Production = P, C = consumption. Then CF =_______
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2019
Which of the following persons is engaged in "Secondary Production"?I - a bricklayerII - an automobile assembly-line workerIII - an accountantIV - a cinema projectionist