To an individual, the term cost will include expenditure on the following EXCEPT

The types of unemployment that evolved the use of machines to replaces human labour is known as

When total utility is at maximum, then marginal utility is

When a change in the demand for commodity A leads to a change in demand for commodity B in the same direction, demand for A & B is

The following are the main problems of distribution of essential commodities in Nigeria EXCEPT

In a socialist economic system, decisions relating to the fundamental economic problems are taken by

The most generally accepted definition of Economics was given by

The assumptions of the principles of comparative cost advantage is based on I. Absence of Trade Restrictions II. No transport costs III. Constant technology

The introduction of money into the economy has helped to resolve the following problems EXCEPT