Abnormal
Competitive
Composite
Derived
Joint
Correct answer is E
No explanation has been provided for this answer.
Economic problem arises as a result of
Choice
Money cost
Opportunity cost
Scarcity
Scale of preference
Correct answer is D
No explanation has been provided for this answer.
The trade-off between two commodities along the Production Possibility Curve (PPC) shows
Opportunity cost principle
Scarcity principle
Transferable output
Unattainable combination
Under utilization of resources
Correct answer is D
No explanation has been provided for this answer.
Which of the following is NOT a function of marketing boards in Nigeria?
Fixing of prices for farm produce
Grading of farm produce
Importation of farm produce
Marketing of farm produce
Price stabilization
Correct answer is C
No explanation has been provided for this answer.
The following can be used to improve a country’s balance of payment EXCEPT
Anti-dumping policies
Decreasing taxation on personal income
Granting subsidies to export producers
Increasing import duties
Removing export duties
Correct answer is B
No explanation has been provided for this answer.