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