Composite demand
Elastic demand
Derived demand
Competitive e demand
Inelastic demand
Correct answer is D
No explanation has been provided for this answer.
Production covers all but one of the following activities:
Changing the position of a good in time as, for example, holding stock of goods until they are required
The provision of some kind of service e.g retailing
Changing the form of a good from the raw material to the finished product D. changing the situation of a good as for example , from a factory in Lagos to a retail shop in port harcourt
Changing the situation of a good as for example , from a factory in Lagos to a retail shop in port harcourt
The use of good and services to satisfy individual wants
Correct answer is E
No explanation has been provided for this answer.
Which of the following is not true of the theory of optimum population?
It is possible for densely populated country to be underpopulated if it has insufficient labour to make the most effective use of its other factors
The quantity of labour which combined with the other factors gives the minimum output is known as optimum population provision of some kind of service e.g retailing
The quantity of labour which combined with the other factors, gives the maximum output, is known as optimum population
The test for over-population is whether it exceed the optimum
It is possible for a thinly populated country to be over populated if it has a poor supply of other factor
Correct answer is B
No explanation has been provided for this answer.
A large percentage of the labour force is engaged in agriculture
Agriculture is the most important occupation in West Africa
The manufacturing sector employs a large percentage of the population
Agriculture does not constitute an important source of paid employment
The public sector forms an important source of paid employment
Correct answer is C
No explanation has been provided for this answer.
Bondholders are treated more favorably than shareholders because
They are not liable for the company's losses
They greater voice in the electing board of directors
They control the management
They have a prior claim on the companies assets
None of the above
Correct answer is E
No explanation has been provided for this answer.