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