economics

Which of the following correctly illustrates the chain of distribution?

A. Manufacturer → wholesaler → retailer consumer B. Consumer → retailer → wholesaler → manufacturer C. Wholesaler → manufacturer →…

5 years ago

Localization of industries is?

A. the industrialization of a country B. the concentration of the firm of an industry in a particular area C.…

5 years ago

Farm produce are graded, packed, and distributed by?

A. purchasing co=operatives B. agricultural co-operative banks C. consumer co-operative society D. marketing co-operatives E. wholesale co-operatives Correct Answer: Option…

5 years ago

Given that at the beginning of 1973, Nigeria with a birth rate of 3% per annum had a population of 75million. This implied that in that year?

A. The population increased by 2.25million B. There were 2.25 million live births C. The government have to make provisions…

5 years ago

From the diagram below, the quantity of output is determined by the point?

A. M B. N C. H D. F Correct Answer: Option D - F

5 years ago

Subsistence agriculture means?

A. cultivation for external use B. cultivation for local industries C. farming for the urban dwellers D. cultivation for household…

5 years ago

MUX = PX ( where X and Y = good X and Good Y; MU = Marginal Utility; P= Price) MUY = PY. This represents?

A. marginal utility equation B. equation for consumer dis-equilibrium C. utility maximization equation D. equation for total utility E. equation…

5 years ago

If as a result of fall in price of the commodity X, the quantity demanded of commodity Y falls, then commodities X and Y are?

A. complementary B. in joint demand C. luxuries D. in composite demand E. substitutes Correct Answer: Option E - substitutes

5 years ago