Location of firms of an industry is not influenced by
Availability of raw material
Existence of other firms
Nearness to the source of money supply
Government policy
Correct answer is B
Industrial locations are complex in nature. These are influenced by the availability of many factors. Some of them are: raw material, land, water, labor, capital, power, transport, and market. For ease of convenience, we can classify the location factors into two: geographical factors and non-geographical factors.
The difference between the gross domestic product (GDP) and gross national product (GNP) is?
Depreciation
Transfer payment
Net income from abroad
Direct taxes
Correct answer is C
The most important distinguishing point between these two is that while we calculate GDP, we take into consideration whatever is produced within the local borders of the country and so it includes the goods and services produced by the foreign nationals also but if we talk about GNP, only the production done by the country’s citizens is considered whether they are inside or outside the country and the contribution of foreign citizens are completely excluded.
Net income from abroad is income earned by any person {including Artificial} i.e citizen of that country, earned even outside political boundaries i.e land + 20 nautical miles of water. This is GNP. Income earned by anyone {including foreign citizen} within the country is GDP.
Which of the following is not a strong basis for trade unions demand for higher wages?
Company is making higher profit
Productivity of workers has increased
Members of the union have high qualifications
Commodity produced by the workers is very essential
Correct answer is C
No explanation has been provided for this answer.
The movement of labour from one grade to an entirely different grade is an example of
Industrial labour mobility
Horizontal occupational mobility
Vertical occupational mobility
Geographical mobility
Correct answer is C
When a worker of a lower grade and status in an occupation moves to another occupation in a higher grade and status, it is vertical mobility. Just as a school lecturer becomes a college lecturer, a clerk becomes a manager, etc.
One reason for low agricultural productivity in most West African countries is that?
Farmers are not capable of producing cash crops
It does not provide income to farmers with large families
Farmers find it difficult getting help from financial institutions
It is not the only source of raw materials for agro-based industries
Correct answer is C
No explanation has been provided for this answer.