The purchasing power of the Naira will fall when
Workers are retrenched
The colour of the Naira is changed
The military take over
There is inflation
None
Correct answer is D
No explanation has been provided for this answer.
Duopolist
Group of producers of related goods
Partnership business that produces a commodity with high demand
Single producer or seller of a commodity at cheap rate
Single producer or seller of a commodity that has no close substitute
Correct answer is E
No explanation has been provided for this answer.
Economic growth can be defined as
A rapid and sustained rise in real output per head
A rise in real income per head
An increase in technology only
Insufficiency in food production
Over population in a country
Correct answer is B
No explanation has been provided for this answer.
Through membership of the Economic Community of West African States (ECOWAS) countries have achieved
A large market for their products
Emancipation of Africa
Full employment of resources
Higher transportation cost of goods within the region
Military superiority over other African countries
Correct answer is A
No explanation has been provided for this answer.
The demand curve of a perfect competitive market is infinitely elastic indicating that the firm can
Refuse to sell any quantity
Sell any quantity of output at the prevailing price
Sell fixed quantity of output at the prevailing market price
Sell less quantity
Sell more quantity at a higher price
Correct answer is B
No explanation has been provided for this answer.