One of the ways by which the government can speed up economic development is through the
Increase in consumption pattern of the people
Encouragement of savings, investment and equitable distribution of goods and services
Increase in the rate of population growth so as to ensure that the country has a large labour force
Encouragement of importation of raw materials to produce consumer goods
Correct answer is B
No explanation has been provided for this answer.
A firm is said to have benefited from external economies in production if it has realized
A more efficient management of resources
A better combination of factors of production
Reduced resources costs due to operation of other firms
A higher profit level due to increased sales
Correct answer is C
No explanation has been provided for this answer.
Debt repayment
Investments abroad
Net income from abroad
Capital consumption
Correct answer is C
No explanation has been provided for this answer.
Taxes and government expenditures are instrument of
Monetary policy
Tax policy
Economic policy
Fiscal policy
Correct answer is D
No explanation has been provided for this answer.
Plywood industries are often located near the source of
Finance
Labour
Power supply
Raw materials
Correct answer is D
No explanation has been provided for this answer.