An agreement among firms on price and segmentation is termed
cartel
collusion
haggling
specialization
In national income accounting, tax is determined by the
level of income
level of consumption
level of investment
rate of savings
A decrease in aggregate spending in an economy will ultimately lead to
boom
inflation
deflation
recession
If MPC is 0.7 while government expenditure increased by ₦ 150m, the equilibrium national income is
₦ 214 million
₦ 45 million
₦ 105 million
₦ 500 million
The function of money which makes division of labour possible is its
unit of account
store of value
medium of exchange
standard of deferred payment
