economics

The location of timber and plywood industries in West Africa is mainly influenced by the?

A. availability of transport B. good climate C. availability of power supply D. adequate labour supply E. presence of a…

5 years ago

Land is often distinguished as a factor of production because it?

A. is a free gift of nature B. constitutes one-third of the entire world C. is unlimited in supply D.…

5 years ago

Division of labour may be restricted when?

A. an ailing economy has improved B. producers live in villages C. market is small D. there is full employment…

5 years ago

Robert T. Malthus postulated in his population theory that?

A. the death rate may become so high that people may not survive B. people will eventually stop having children…

5 years ago

Which of the following is the correct way to calculate total cost?

A. Addition of fixed cost to variable cost B. Division of total cost by total output C. Multiplication of fixed…

5 years ago

Production is not complete until the?

A. goods gets to the wholesaler B. goods reached the final consumer C. factors of production are combined D. goods…

5 years ago

Which of the following business establishment are not motivated mainly by profit?

A. Public Limited Companies B. Private Limited Companies C. Holding companies D. Partnerships E. Co-operatives Correct Answer: Option E -…

5 years ago

Which of the following is an not the advantage of division of labour? It

A. saves time B. make possible the use of machine C. is monotonous D. leads to specialization E. aids the…

5 years ago

Which of the following may not be included in explaining the term production?

A. provision of services B. manufacture of goods C. changing raw materials ti finishing goods D. use of consumer goods…

5 years ago

A nation with a working population that is insufficient to exploit its resources is said to be?

A. over-populated B. under-populated C. experiencing decrease population D. experiencing increasing population E. having optimum population Correct Answer: Option B…

5 years ago