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