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