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