1. A rise in income will, ceteris paribus, bring about

2. A major disadvantage of a socialist economy is that

3. Suppose that the equilibrium price of an article is N5.00 but the government fixes the price by law at N4.00, the supply will be

4. The privatization of public enterprises will lead to efficient management of resources in the economy.
This statement can best be described as

5. The sign of the slope of a graph in economic analysis is important because it