An economic problem exists whenever
...An economic problem exists whenever
There is scarcity and choice
There are no buyers for our goods
There are too many sellers
Many people are out of work
All raw materials are imported
Correct answer is A
No explanation has been provided for this answer.
Output (bags of rice 0 10 20 30 40 50 60 Tot...
In national income accounting, NNP is derived by subtracting from the GNP ...
If AC = Average Cost of production, TC = Total Cost of production VC = Variable Cost of produc...
For a non-discriminating monopolist in Nigeria, price at the profit maximizing output is ...
Multiplier can be described as ...
Which of the following sets fully represents factors of production? ...
Local firms can help in reducing unemployment in a country when ...
In the diagram equilibrium price is: ...
Monetary control measure are coordinated by ...
Elasticity demand is an effective tool in the hands of a producer in that it enables him ...