Abstention from consumption enables capital to be produced . Such abstention is called

A. savings

B. production

C. accumulation

D. factors of production

E. opportunity cost

Tax evasion in Economics means

A. false declaration od assets

B. paying tax only as and when due

C. declaration of assets

D. tax payments according to income received

E. quarrelling with tax collector

The magnitude of the national income of a country depends on all the following except the

A. quantity of natural resources available

B. level of technical know-how

C. mobility of labour

D. level of productivity

E. quality and quantity of factors of production

The Quantity Theory of Money state that an increase in the quantity of money would bring about

A. a geometrical rise in price

B. an unequal rise in prices

C. a proportionate rise in prices

D. an absolute rise in prices

E. a less that proportionate increase in prices

Under the ECOWAS agreement, a Nigerian can enter and stay in Ghana without a visa for a period of

A. 14 days

B. 30 days

C. 60 days

D. 90 days 100 days