A. The study of buying and selling B. The organization of industries and markets C. The study of human behaviour…
A. Scarcity B. Durability C. Divisibility D. Homogeneity E. Mobility Correct Answer: Option E - Mobility
A. excess demand B. excess supply C. shortage in the market D. many buyers in the market E. no buyer…
A. create human wants B. satisfy all human wants C. redistribute income so that it is used correctly D. create…
A. money cost B. cost of production C. real cost D. variable cost E. fixed cost Correct Answer: Option C…
A. a period of production B. hoarding of goods C. monopolization of existing supply of resources D. period of famine…
A. deals with an aspect of human behaviour B. provides people with the commodity they want C. deals with limited…
A. monocultural dependency B. trade creation C. trade inversion D. economic independency Correct Answer: Option C - trade inversion
A. World Bank B. International Monetary Fund C. African Development Bank D. Economic Commission for Africa Correct Answer: Option C…
A. Large-scale importation of foreign goods B. Investment in the capital market abroad C. Large-scale export of locally made abroad…