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