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