economics

The difference between birth rate and the death rate is known as?

A. demographic transition B. natural growth rate C. migration rate D. fertility rate Correct Answer: Option B B. natural growth…

6 years ago

A price index as a statistic, measures?

A. how the value of money changes over time B. the volume of currency in the economy C. the exchange…

6 years ago

Which of the following is not a form of money?

A. coins B. banknotes C. bank balance D. bank deposit Correct Answer: Option C C. bank balance

6 years ago

Mr. Okpoti has meat and wants maize, while Mr, Adama has maize and wants meat. Transaction is possible because of?

A. bank deposit B. joint demand C. scale of preference D. double coincidence of wants Correct Answer: Option D D.…

6 years ago

When depreciation is deducted from Gross National Product, the result is?

A. total national income B. gross domestic product C. net national product D. net domestic product Correct Answer: Option C…

6 years ago

The national income is the?

A. Gross Domestic Product at market princes B. Gross National Product at factor cost C. Net National Product at factor…

6 years ago

In a situation where the finished product of industry is fragile, bulky and perishable, such an industry should be located close to its?

A. raw materials B. market C. labour supply D. power supply Correct Answer: Option B B. market

6 years ago

One of the problems facing industrial development in West African countries is?

A. inadequate large market B. inadequate infrastructure C. inadequate supply of labour D. unavailability of natural resources Correct Answer: Option…

6 years ago

Which of the following features best describes peasant agriculture in West Africa? It

A. specializes in the production of one crop B. involves the use of small farm holdings C. is a capital-intensive…

6 years ago