Let P x represent the price of exports and Pm the price of imports. Then the terms of trade (TOT) are said to be favourable if

A rightward shift in the production possibility frontier may be due to

One of the advantages of large - scale production is that

In the diagram, (I) refers to the calculation of national income through the

In the diagram, (III) refers to the calculation of national income through the

An improvement in Nigeria's terms of trade should

If a person demands money for buying and selling securities. It is referred as demanding money for

In the diagram I refers to the calculation of national income through the

In the diagram III refers to the calculationof national income through the