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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?
The Power Holding Company of Nigeria (PHCN) is a ________
What is the most important factor influencing the location of the iron and steel industry at Ajaokuta?
A good measure of the standard of living usually used for international comparison is_______
The PAYE ( Pay As You Earn) in Nigeria is an example of ______
Use the table below to answer the question below;
The international production set for Nigeria and Austria is;
| Products | Nigeria | Austria |
| Cocoa | 20 tonnes | 12 tonnes |
| Lace | 1o metres | 8 metres |
From the table, it can be deduced that_______
Use the table below to answer the question below;
The international production set for Nigeria and Austria is;
| Products | Nigeria | Austria |
| Cocoa | 20 tonnes | 12 tonnes |
| Lace | 1o metres | 8 metres |
The Opportunity cost ratio tor cocoa and lace Tor Austria and Nigeria is_______
Oligopoly means _________
Which of the following countries is not a member of the Economic Community of West African States?
Which of the following sets fully represents factors of production?
Palm oil industry is located in Old Bendel State because the state______