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National income is calculated mainly to
At what point on the total product curve shown above will marginal product be negative?
To overcome the problem of double counting under the expenditure approach,
A government may cause a favourable change in her invisible trade account by
Industries are sometimes located in areas which are not profitable so as to
The supply of light could be met using a candle, lantern and gas lamp. This is an example of a
A monopolist may enjoy abnormal profit only if its
If the government stops subsidy on cocoa production, the supply curve of cocoa will
The demand for a factor input as a result of the demand for its output is known as
Which of the following is a non-renewable natural resources?
An increase in the price of commodity X led to a fall in the supply of commodity Y. Commodities X and Y are
The supply curve of a locally-produced good may shift to the right if
The demand curve for goods of ostentation is usually
The increase in the demand for a commodity may lead to a decrease in the demand for another if both are
The mining sector of an economy contributes 60% to the Gross Domestic Product(GDP). If the GDP is $540, what is the contribution of the mining sector?
A major disadvantage of a capitalist economy is that it
A major characteristic of natural resources is that they
There is unemployment of resources when production is
If petrol is no longer needed to produce energy, then demand for crude oil
The main function of the African Development Bank (AFDB) is to