A. the resources available are adequate B. individuals have limited time C. resources are limited in supply D. human beings…
A. choose between alternatives, given limited resources B. regulate the money that is in circulation in a country C. be…
A. gives loans to member countries for legal proceedings B. offers grants and aid for defense C. offers loans to…
A. prevent foreign goods B. discourage exports C. encourage exports D. increase the level of external dependency Correct Answer: Option…
A. IMF B. World Bank C. ADB D. EEC Correct Answer: Option D - EEC
A. demand for imports is price inelastic B. demand for imports is neutral C. production for export is low D.…
A. with the highest opportunity cost B. for which output per worker is lower than in other countries C. with…
i. A greater opportunity for trade according to comparative cost advantage. ii. A large market industries producing under the condition…
A. inflationary gap B. income gap C. unemployment gap D. deflationary gap Correct Answer: Option A - inflationary gap
A. the value of goods and services to Nigeria is greater than the value of those from Nigeria B. consumption…