The monetary system that requires a double coincidence of wants is known as the
Gold standard
Barter system
Commodity system
Gold exchange standard
Cheque system
Correct answer is B
No explanation has been provided for this answer.
Agriculture plays a dominant role in West African economies because
The Green Revolution in Nigeria is agricultural
It supplies all the food stuffs consumed in Ghana alone
There are large plantation of cocoa, groundnut and oil palm in West Africa
It is the main source of revenue in Sirera Leon alone
It emplys more than 50% of the total labour force in West Africa
Correct answer is E
No explanation has been provided for this answer.
Choice is necessary because resources
Are available
Can be found everywhere
Are constant
Are scarce
Are unlimited
Correct answer is D
No explanation has been provided for this answer.
The price system refers to the system by which
The government controls price in the economic system
Prices tends to rise to a general level
Price allocates resources between consumer and producer goods
Government allocate resources to consumers and producers
The producers fix the price for their products
Correct answer is C
No explanation has been provided for this answer.
The country that makes the largest contribution to the IMF is
The USA
Britain
West Germany
France
Norway
Correct answer is A
No explanation has been provided for this answer.