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