economics

Which of the following does not apply to private companies?

A. the number of shareholders is limited B. the liability of shareholders is limited C. accounts have to be publicized…

5 years ago

Which of the following reasons is mainly responsible for the inefficient distribution of goods in West African countries?

A. large number of distribution companies B. import and export restrictions by the government C. narrow markets for commodities produced…

5 years ago

An entrepreneur will locate his industry in a place?

A. nearest to his home town B. where the cost of production will be minimized C. nearest to his wife's…

5 years ago

The rural area of West Africa lack industries because?

A. rural people are not meant to work in industries B. rural people are uneducated C. of inadequate infrastructure D.…

5 years ago

Price elasticity of demand is defined as the?

A. responsiveness of demand to changes in the price B. responsiveness of price to changes in demand C. increase in…

5 years ago

An inferior goods is one?

A. that is too bad for consumption B. whose price is lower than the price of other goods C. that…

5 years ago

In Economics, the reward for labour is in the form of?

A. wages B. profit C. rent D. dividends E. interest Correct Answer: Option A - wages

5 years ago

Supply in Economics means making?

A. goods and services available to consumers B. goods available to the market at a given price and at a…

5 years ago

Public corporation in West Africa are set up to?

A. make maximum profit B. provide jobs for the people C. provide welfare service for the people D. show that…

5 years ago

The real cost of a commodity is?

A. the cost of the alternative that has to be sacrificed for it B. the alternative that has to be…

5 years ago