The economic system in which resource are privately owned dis known as
Capitalism
Socialism
Communism
Unitarism
Correct answer is A
No explanation has been provided for this answer.
Economic problems arises because
Resource are scarce relative to wants
Man is insatiable
Money is scarce
Man engages in too many economic activities
Correct answer is A
No explanation has been provided for this answer.
Ghana
The Gambia
Cameroun
Guinea Bissau
Correct answer is C
No explanation has been provided for this answer.
Balance of payment deficit implies that a country is
Importing more than she is exporting
Consumed less than she is producing
Living below her means
More productive than others
Correct answer is A
No explanation has been provided for this answer.
One major export crop in West Africa is
Rice
Maize
Palm kernel
Cocoa
Correct answer is D
No explanation has been provided for this answer.