In a capitalist system goods are produced for those who
Want them most but cannot pay for them
Can pay for them but do not want them
Want them and can also pay for them
Are dependent on the labour force
Correct answer is C
No explanation has been provided for this answer.
An essential characteristics of market economy is
Government control
Producer surplus
Consumer surplus
Consumer sovereignty
Correct answer is D
No explanation has been provided for this answer.
Mono-product economies are those that
Produce one main commodity
Produce only raw materials
Depend on the export of their raw materials
Specialize in agricultural industries
Correct answer is A
No explanation has been provided for this answer.
One reason for the low agricultural production in West African countries is that
Agriculture employs the highest percentage of the labour force
Too much money is invested in agriculture
Farmers lack the finance and technology required
The farms are toolarge
Correct answer is C
No explanation has been provided for this answer.
The Economic Community of the West African States (ECOWAS) is an example of
Bilateral trade
Economic integration
Regional marketing board
International competition
Correct answer is B
No explanation has been provided for this answer.