A major trading problem facing ECOWAS is
The absence of common currency
Political instability
High poverty level
Non implementation of decisions
Correct answer is A
No explanation has been provided for this answer.
The OPEC marketing policy of fixing minimum price allows members to
Sell above minimum price
Sell below minimum price
Determine the price and quantity to sell
Negotiate price with customers
Correct answer is A
When OPEC fixes a minimum price for the sale of its products, it enables its members to not sell below the minimum price. This means the members of the organisation can sell at a higher price but not lower than the stated/fixed price.
The population of a country will decrease if
The death rate exceeds the birth rate
Immigration is equal to emigration
The birth rate exceeds the death rate
There is rapid economic growth
Correct answer is A
The population of a country will drastically reduce if the number of people who die are more than the number of births.
The active population of a country determines the size of its
Economic resources
National income
Labour force
Gross domestic product
Correct answer is C
The active population comprises of all persons (both male and female) who make up of the labour force that supplies labour for the production of economic goods and services.
Joint-stock companies can raise funds from
The money market
The capital market
Various sources
Government
Correct answer is C
A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. They raise such funds from the sales of shares to members through the various sources of business funding.