The following are economic agents in any economy EXCEPT
The following are economic agents in any economy EXCEPT
Central Bank
House hold
Firm
Government
Correct answer is A
Economic agents are entities that make economic decisions. They include households, firms, and the government. The Central Bank, while an important institution, is not considered an economic agent as it does not make decisions about what, how, and for whom to produce. It is responsible for monetary policy and regulating the financial system.
The working population refers to ...
The equilibrium price of mango is N1.00. If the price fall to 50k, there will be ...
If tax takes a large proportion of the income of people with lower income, the tax is ...
As consumption of beer increases, its marginal utility to a drinker will ...
For an inferior good, a decreased in real income will lead to ...
The international production set for Nigeria and Austria is: \(\begin{array}{c|c} Products &...
In the long run, all production factors are___________ ...
If an increase in earning leads to more of a commodity being demanded, the good is said to have ...
The short-run inelasticity of supply of agricultural produce causes ...