The Organization of Petroleum Exporting Countries (OPEC) is a
cartel
Duopoly
Monopoly
Monopsony
Correct answer is A
No explanation has been provided for this answer.
Small enterprises finds it difficult to expand due to
Inadequate capital
Lack of skilled manpower
The high level of technology required for expansion
Their inability to provide after-sale services
Correct answer is A
No explanation has been provided for this answer.
Farmers
Manufacturers
State agents
Transporters
Correct answer is B
No explanation has been provided for this answer.
Mono-product economies are those that produce
Only intermediate products
Petroleum products
Agricultural products
One main commodity
Correct answer is D
No explanation has been provided for this answer.
Cyclical
Structural
Seasonal
Disguised
Correct answer is B
No explanation has been provided for this answer.