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