Which of the following may not be included in explaining the term production?
Provision of services
Manufacture of goods
Changing raw materials ti finishing goods
Use of consumer goods
Making goods available where and when they are needed
Correct answer is D
No explanation has been provided for this answer.
A nation with a working population that is insufficient to exploit its resources is said to be
Over-populated
Under-populated
Experiencing decrease population
Experiencing increasing population
Having optimum population
Correct answer is B
No explanation has been provided for this answer.
In Economics, the reward for labour is in the form of
Wages
Profit
Rent
Dividends
Interest
Correct answer is A
No explanation has been provided for this answer.
Which of the following does not apply to private companies?
The number of shareholders is limited
The liability of shareholders is limited
Accounts have to be publicized
The companies are separate legal entities
Shares are not easily transferable
Correct answer is C
No explanation has been provided for this answer.
Large number of distribution companies
Import and export restrictions by the government
Narrow markets for commodities produced
Poor transportation and communication system
Large influence of foreign traders
Correct answer is D
No explanation has been provided for this answer.