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In order to add value to Nigeria agricultural produce, there is need to
Life insurance companies contribute to economic development by holding a part of their assets in
One of the goals of development plans in Nigeria is to
An example of an expansionary fiscal policy action is
A tax on land will ultimately fall
If CBN reduces money supply, the interest rate will
Which of the following is used by the Central Bank of Nigeria to control inflation?
If Mr .K obtains a N50.000 loan from a bank for the purpose of providing household needs, the demand for money is said to be
The speculative demand for money is inversely related to the
A measure of national income used as comparison of standard of living among nations is
If a refinery achieves a reduction in cost by purchasing and transporting crude oil in large quantities, it enjoys
In Nigeria, the government can reduce the cost of accommodation by fixing the rent
One of the criticisms of the price mechanism is that
If the price of a commodity is fixed below equilibrium, this will lead to
If the supply of a product is elastic, a small reduction in price will
One of the major factors that brings about changes in supply is
Utility is the satisfaction derived from the
One of the assumptions of the cardinal approach is
If the price of a bicycle changes from N120 to N80 and quantity bought changes from 300 to 500 units, the elasticity of demand for bicycle is