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