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