economics

One of the most important factors that should be considered in the location of an industry is?

A. nearness to the financial centre B. assured patronage by government functionaries C. availabilities of inputs and market D. availabilities…

5 years ago

The most popularly adopted industrialization strategy in West Africa is?

A. import substitution B. export promotion C. ports development D. infant industries protection Correct Answer: Option A - import substitution

5 years ago

On the basis of the contribution to employment, the most important economic sector in West African is?

A. industry B. agriculture C. construction D. construction Correct Answer: Option D  - construction

5 years ago

Wheat grows best in?

A. tropical climate B. temperate climate C. equatorial climate D. hot desert Correct Answer: Option B - temperate climate

5 years ago

A modern corporation is owned by?

A. debenture holders B. ordinary shareholders C. preference shareholders D. creditors Correct Answer: Option B - ordinary shareholders

5 years ago

A public liability company is different from a private limited company because it?

A. is registered with the registrar of companies B. is a legal entity C. can raise capital of size by…

5 years ago

A debenture share entitles its holder to?

A. participate in the annual general meeting of the company B. share in the dividends declared C. receive a fixed…

5 years ago

Production is said to be completed when?

A. goods and services reach the consumers B. prices of goods and services are determined C. goods are sold to…

5 years ago

Which of the following functions does the wholesaler perform to save the retailer burden of carrying large stocks?`

i. Breaking the bulk ii. Packing the goods in smaller containers iii. Providing vital information iv. Grant credit facilities A.…

5 years ago

If the price elasticity of demand for a certain commodity is less than unity, then?

A. an increase in the price of the commodity will raise the total revenue of the producer B. an increase…

5 years ago