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The average revenue curve of a firm in a perfect market is the same as the
Taxes levied on goods and services by government are called
Many workers are employed in the agricultural sector of developing countries because
If a firm retrenches some of its factory workers its
One of the factor that may not promote industrial development is
The price level and the value of money are
The rate of growth of population is
The Net National Product (NNP) of a country is $50m while the depreciation allowance is $10m. The Gross National Product (GNP) is
The malthusian theory of population is best illustrated when
Consumers have access to a variety of goods through the activities of the
When the demand for a commodity increases while supply remains unchanged, the equilibrium price and quantity will
The dependency ratio of a country is the
A fall in the price of a normal commodity which has elastic demand will result in
An example of government's recurrent expenditure is
An indication that there is inflation in a country is that
When job vacancies are publicized, the government is mainly trying to solve the problem of
Commericial banks help in economic development mainly by
Country M enjoys absolute advantage over country N in the production of commodities X and Y, if country M
A small scale firm located within an industrial estate will enjoy
The total fixed cost curve is