(a) Explain the term balance of payments deficit (b) What four measures can be taken to reduce the balance of payments deficit of a country?

The production factor, whose entire world supply is fixed is

when a worker changes from one tye of job to another, it is called

when all factors input are reduced by half, the production possibility curve will shift

The 150.00 Naira which Olu would have used to purchase a textbook was used to buy a T-shirt . This implies that

A list of consumer's wants arranged in order of priorities is known as

Farming, mining and fishing are

Economic activities are undertaken to solve the problem of

The remuneration of the entrepreneur as a factor of production is called