The problem of small markets in West Africa can be solved through
Separate planning among the West African countries
Meaningful cooperation among the West African countries
Political stability in West Africa
Imposing of high tarrifs on West African exports
The central banks of West African countries
Correct answer is C
No explanation has been provided for this answer.
Population increase in arithmetic progression while food production increased in geometric progression
Population increased in geometric progression whil food production increased in arithmetic progression
Population and food growth rate will, in future, be at par
Nations have to get enough manpower to cultivate available land for food
Output from agriculture decreased as more and more of the poorer lands were brought into cultivation
Correct answer is B
No explanation has been provided for this answer.
The power of trade union may be weakened when there is
Optimum population
A weak government in power
Over population
A civilian government in power
Under-population
Correct answer is C
No explanation has been provided for this answer.
An appropriate industrialization strategy in an under-populated country is
Import substitution
Capital intensive
The contract method
The use of foreigners in the factories
Labour intensive
Correct answer is B
No explanation has been provided for this answer.
The distribution of goods by the price system is distorted when
There is a high degree of competition among producers
Producers and consumers operate freely
Factors of production are mobile
No allowance is made for social costs and social benefits
There is price control measure in the system
Correct answer is E
No explanation has been provided for this answer.