The use of modern weaving machines in the production of l...
The use of modern weaving machines in the production of local fabric will result in
An increase in the demand for labour
A decrease in the demand for labour
An increase in wages
A decrease in wages
Correct answer is B
The use of modern machines in production leads to an efficient and fast tracked production process with less human power required. This is one of the merits of technology in production and is used to maximize product quality and reduce production costs.
The use of machines in production leads to a decrease for the demand for labour.
The major problem of cooperative societies in Nigeria is that ...
The following determine the level of consumption EXCEPT ...
The technical relationship between the physical inputs and the physical outputs of a firm is ...
Taxes levied on locally manufactured goods are called ...
If commodities X and Y are substitute, their cross elasticity of demand will be ...
A firm determines its profit when it studies its? ...
A major cause of the slow pace of industrialization in Nigeria is inadequate ...
Which of the following items is NOT an argument for locating industries in rural areas? ...
Population growth can be controlled by all the following except ...