Adam Smith
David Ricardo
Lionel Robbins
Thomas R. Mtithus
Robert Giffen
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a reason why statutory are run only by the government?
The duplication of some services will lead to resource wastage
All corporation provides services which individuals cannot provide
Essential services must be provided irrespective of the economic system adopted
Some corporations require large financial capital which may not be easy to acquire by individuals
There is need to protect consumers from exploitation
Correct answer is A
No explanation has been provided for this answer.
One-man business is popular in West Africa because of all the following, except the
Ease of entry
Small capital required
Limited enterpreneur skills needed
Ease of decision making
Tendency to become joint-stock companies
Correct answer is E
No explanation has been provided for this answer.
Division of labour gives rise to
The exchange of goods and services
The use of barter system
The production of limited goods
Unemployment
Delay in production
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not a middleman in the distribution channel? The
Wholesaler
Distributor
Agent
Consumer
Retailer
Correct answer is D
No explanation has been provided for this answer.