A. The federal government B. Private and individual organizations C. The state government D. The federal and state governments Correct…
A. Taxes, Fees, licenses and fines B. Personal income, disposable income and transfer earnings C. Interest, dividends, profits and earnings…
A. 2.00 B. 0.50 C. 1.50 D. 1.00 Correct Answer: Option B - 0.50 Explanation Percentage change in price divided…
A. Unemployment B. Unlimited resources C. Scarcity of resources D. Overpopulation Correct Answer: Option C - Scarcity of resources Explanation…
A. Reviewing the land tenure system B. Ensuring even distribution of farm inputs C. Embarking on irrigation farming D. Establishing…
A. Nigeria produces cocoa more cheaply than Ghana B. Nigeria and Ghana produce at the same level C. Ghana produces…
A. The price of the commodity B. Availability of factors of production C. The prices of factors of production D.…
A. An indifference curve B. An exceptional demand curve C. A budget line D. An isoquant map Correct Answer: Option…
A. An increase in supply B. No change in supply C. A decrease in supply D. A change in the…
A. Adequate knowledge of existing prices B. The influence on prices by individual economic units C. The restriction in terms…