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The fundamental problem of economics is
.............is presently used in Nigeria to measure inflation
A major factor contributing to productivity is
The development of an economic hypothesis through intuition, insight, or logic is associated with
One major problem facing West African countries is
If a business' total economic cost of producing 10,000 units of a product is N750,000 and this output is sold to consumers for N1,000,000, then the firm would earn
The theory of ............... was propounded by ..................
The type of unemployment that occurs when an individual cannot find job as a result of obsolete skill is
An industry is
The part of income after tax that is not consumed is defined as
The "velocity" of money is
The short run can be defined as the period of time during which
The marginal propensity to consume is
Which of the following is an example of free good?
The demand for a good is price inelastic if
A tariff is a tax imposed on
Land, labour, capital, entrepreneur.
Monopoly = one seller.
GDP measures domestic production.