A. the effect of diseases and pests B. industrial pollution C. mining and extraction activities D. population growth Correct Answer:…
A. homogenous B. intermediate and final C. durable and non-durable D. heterogeneous Correct Answer: Option A - homogenous Explanation The…
A. a decrease in quantity supplied B. an increase in supply C. a decrease in supply D. an increase in…
A. Everything is sold B. Buyers spend all their money C. Excess demand is zero D. None of the above…
A. The aim of ECOWAS is to ensure economic stability B. Bigger state in the community dominates the small state…
A. Risk B. Scarcity C. Opportunity cost D. Allocative efficiency Correct Answer: Option A - Risk Explanation Production possibilities curve…
A. The problem of allocating scarce resources among competing uses B. The way in which factors of production may be…
A. profit motive principles B. absence of price control board C. price determines production and distribution D. number of sellers…
A. CPI B. PPI C. GDP D. High Level of Unemployment Correct Answer: Option D - High Level of Unemployment…
A. Time utility B. form utility C. marginal utility D. place utility Correct Answer: Option B - form utility Explanation…