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