Farming, mining and fishing are
Primary production
Secondary production
Tertiary production
Intermediate production
Correct answer is A
No explanation has been provided for this answer.
In a capitalist system, the means of production is owned and controlled by
The government
Politicians
Private individuals
The workers
Correct answer is C
No explanation has been provided for this answer.
Economic activities are undertaken to solve the problem of
Desire to spend more income on consumption
Opprotuinity cost
Production
Scarcity
Correct answer is D
No explanation has been provided for this answer.
I and IV only
I,II,III and IV
I, II and IV only
I, II and III
Correct answer is D
No explanation has been provided for this answer.
A major achievement of the Organization of Petroleum Exporting Countries (OPEC) is that
Crude oil price has increased tremendously
Petroleum product price have remained low
Producing countries are highly industrilized
Price of crude oil has remained relatively state
Correct answer is D
No explanation has been provided for this answer.