A major function of middlemen in Nigeria is the distribution of
Commodities to all consumers regardless of income
Commodities to consuming centres and the collection of money income to producing centres
Economic welfare to all
Wealth to all
Poverty within the society
Correct answer is A
No explanation has been provided for this answer.
Land and related factors
Abundance of natural resources
Level of human capital
Technical progress or other factors
The discipline of political leadership
Correct answer is A
No explanation has been provided for this answer.
The quickest way of achieving an economic union on regional basis is to remove all
Currency barriers
Language barriers
Political barriers
Customs barriers
Legal barriers
Correct answer is D
No explanation has been provided for this answer.
Mono production economies are those that
Have a rich cultural heritage
Produces only raw materials
Live from the export of their raw product
Produce one main commodities
Specialize in agricultural industries
Correct answer is D
No explanation has been provided for this answer.
International trade is necessary because
No country can live in economic isolation
Different countries are differently endowed in natural and man-made resources
Some countries have comparative costs advantage in the production of particular commodities over other countries
The word demand for and supply of various categories of commodities is expanding very fast
Countries want to build up their foreign exchange reservers
Correct answer is B
No explanation has been provided for this answer.