A. satisfying wants B. making rational C. making an optimum allocation of resources D. using scarce resources efficiently Correct Answer:…
A. limited while means are scarce B. unlimited and means are also unlimited C. limited and means are also limited…
A. Reafforestation in rural communities B. land degradation C. destruction of farmlands D. pollution of water bodies Correct Answer: Option…
A. coal B. iron ore C. rice D. limestone Correct Answer: Option A A. coal Explanation A renewable resource is…
A. harmonize and stabilize oil prices B. ensure excess supply of oil to consuming countries C. subsidize oil prices in…
A. presence of large and developed market B. uneven development among west African countries C. existence of different central banks…
A. investment income B. foreign direct investment C. long-term capital flows D. long-term loans Correct Answer: Option A A. investment…
A. absolute cost advantage B. comparative advantage C. terms of trade D. balance of trade Correct Answer: Option B B.…
A. newly established industries B. industries enjoying tax holidays C. industries producing baby products D. newly commercialized industries Correct Answer:…
A. above its cost of production at home and abroad B. below its cost of production at home and abroad…