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The term M \(^3\) comprises M \(^1\) together with deposits on deposit account held by_______
The following are measures of location except________
Let the quantity demanded in units of a particular commodity be represented as Qd = 80 - 2P, find the quantity demanded when P = ₦3.
Use the following information given to answer this question
Total of all expenditure incurred during the year ₤80,000 m
Indirect taxes on goods and services ₤8,000m
Capital consumption ₤6,000m
Gross national expenditure at factor cost is_________
Use the following information given to answer this question
Total of all expenditure incurred during the year ₤ 80,000m
Indirect taxes on goods and services ₤ 8,000m
Capital consumption ₤ 6,000m
National income is__________
A supply curve slopes upwards from the left to the right indicating__________
When of the following matters may account for changes in supply?
I - technological advances in an industry
II - changes in labour costs
III - changes in source of supply
IV - changes in levels of taxation
An example of a vertical combination is the merger of_________
Whether a monopolist is able to increase his revenue by restricting his output depends on the shape of the_________
An example of a market which approaches fairly near to perfection is____________
Which of the following matters may account for changes in demand?
I - changes in consumer preferences
II - changes in real income
III - changes in distribution of incomes
IV - changes in levels of taxation
A commodity is defined as normal when its demand changes in the same direction as______
Effective demand for a commodity is desire for that commodity backed by_______
John an apprentice, engineer and amateur trumpet player, was earning ₦30 per week before accepting Full-time employment in a top orchestra, for which he now receives ₦150 per week. ₦120 of his current weekly earnings can be described as________
The last link in the channel of distribution is____________
An economy system that uses what is regarded as the "Market mechanism" is called_______
The determination of price by bargaining between buyers and sellers is________
Economics is a social science concerned with the proper use and______
ECOWAS was formed for the purpose of________
The release of a liquid petroleum hydrocarbon into the environment is_______