economics

Warehouse facilities in the distribution and marketing of products are provided by?

A. manufacturer B. wholesaler C. retailer D. advertisers Correct Answer: Option B B. wholesaler

6 years ago

Subsistence production means that goods and services are?

A. produced for consumption only B. sold to others C. sold in the country D. produced for the market Correct…

6 years ago

The most frequent occurring value in a given data is the?

A. mode B. median C. mean D. range Correct Answer: Option A A. mode

6 years ago

Economics is best described as the study of?

A. the wealth of nations B. how man consume his products C. how man provides for his everyday needs D.…

6 years ago

The Organization of Petroleum Exporting Countries (OPEC) is an example of a?

A. perfect competition B. monopsony C. duopoly D. cartel Correct Answer: Option D D. cartel

6 years ago

It is necessary to estimate the national income of a country because it?

A. indicates the overall performance of the economy B. ensure equitable distribution of wealth C. assists investors in identifying profitable…

6 years ago

In a socialist economy, the means of productions owned and controlled by the?

A. state B. rich C. entreprenuer D. traders Correct Answer: Option A A. state

6 years ago

A major problem facing the Economic Community of West African States (ECOWAS) as economic integration, is the?

A. increasing population B. willingness of members to co-operate C. geographical contiguity D. real trade relation Correct Answer: Option D…

6 years ago

Budget deficit can be financed by?

A. reducing the level of taxation B. printing more money C. lending to financial institution D. employing more workers Correct…

6 years ago

Public expenditure on education and health is known as expenditure on?

A. general services B. social services C. commercial services D. economic services Correct Answer: Option B B. social services

6 years ago