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