A) a group of consumers B) a market structure C) an independently administered business unit engaged in production or distribution D) a government agency
A) commodity trading B) money economy C) credit system D) barter system
A) under population B) over population C) optimum population D) balanced population
A) salary B) wages C) commission D) bonus
A) Primary sector B) Secondary sector C) Tertiary sector D) Service sector
A) informal financial institution B) thrift collector C) formal financial institution D) cooperative society
A) consumer network B) trade union C) channel of distribution D) marketing structure
A) Manufacturing B) Mining C) Agriculture D) Tourism
A) government salary scale B) money paid daily C) the purchasing power of wages D) the total money earned
A) farming crops B) transporting goods C) extracting minerals from the earth D) selling products
A) government workers B) number of employers in a country C) number of machines used in production D) number of people willing and able to work at a given wage rate
A) wholesaler B) manufacturer C) shop owner selling goods to final consumers D) farmer
A) only the government controls production B) it produces only agricultural goods C) both government and private individuals participate in economic activities D) only individuals control production
A) shifting cultivation B) mixed farming C) subsistence farming D) pastoral farming
A) is used for exchange B) is used for payment of debts C) measures prices D) can be saved for future use
A) over population B) under population C) dense population D) optimum population
A) broker B) wholesaler C) agent D) retailer
A) tin B) cocoa C) maize D) rubber
A) the actual money paid to labour B) purchasing power of labour C) bonus received by workers D) profits earned
A) Opay B) Commercial Bank C) Insurance company D) Esusu / Ajo
A) produce food for family consumption B) produce crops for sale and profit C) reduce labour D) practice traditional farming
A) depends on the demand for goods and services produced B) depends on population size C) depends on government policy D) depends on wages only
A) Mobilization of savings B) Manufacturing goods C) Mining minerals D) Selling money and valuables
A) a written promise to repay borrowed money with interest B) money saved in banks C) a short-term loan from banks D) ownership of a company
A) manufacturing industry B) service industry C) extractive industry D) construction industry
A) Low agricultural activities B) Dependence on crude oil C) High industrialization D) Low population
A) manufacturing B) mining C) providing services D) farming
A) reducing employment B) destroying forests C) providing food and raw materials D) increasing imports
A) drilling B) placer mining C) shaft mining D) surface mining
A) improved storage B) increase in price of goods C) better communication D) faster distribution
A) cosmetics B) food grains C) machinery D) clothing
A) bank deposit B) business debt C) a loan to government D) ownership in a company
A) salary B) commission C) interest D) dividend
A) provision of labour force B) unemployment C) increased poverty D) environmental pollution
A) informal sector B) primary sector C) secondary sector D) tertiary sector
A) commodity money B) labour market C) banking system D) cooperative trading
A) machines are produced B) workers and employers meet to agree on conditions of work C) money is stored D) goods are exchanged
A) crop production B) forestry C) fishing D) rearing of animals
A) production of goods and services B) controlling population C) issuing currency D) regulating industries
A) government ministries B) commercial banks C) insurance companies D) petty traders and artisans |