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By utility we mean________
If the quantity demanded of a commodity increases from 20 to 30 when there is an increase in price from N4 to N5, the elasticity of deman is_______
Which of these is not usually the function of a wholesaler?
If Mr. A earns N2.000 a year while Mr. B earns N8000 but Mr. A pays N200 in tax per annum while Mr. B pays N400, such tax is_______
The price mechanism______
A typical corporate form of business organization is owned by ______
Inflation can be curbed by _______
Which of these is not a cause of high population growth in Nigeria?
An economic problem arises when________
If the price of a commodity falls and the quantity purchased does not rise, the commodity can be described as________
In a free market economy. the rationing of scarce goods is done principally by_______
The value of money depends primarily on _________
Division of Labour is limited by the________
In Nigeria, cheques are not money because________
Money becomes a very poor store of value in a period of _______
Economics may be defined as ________
Surplus in balance of payments leads to ________
When a nation's exports are greater than its imports,_________
Inflation is likely to benefit_______
Which of the following is NOT a character of perfect competition?