Which of the following best explains why more foreign investments are not attracted to West Africa?
Small population size
Small sizes of market places
Instability in political and industrial policies
Lack of manpower needed to work in industries
Correct answer is C
Instability in political and industrial policies is a major problem of growth and development in west Africa. An industrial policy, that led to lower growth and more inequality and instability will discourage foreign investment. A traditional criticism of industrial policies is related to 'political economy', that such policies are likely to be captured by special interests to advance themselves.
Which of the following will encourage capital intensive farming?
Encouraging communal system of land ownership
Adopting policies that will encourage rural-urban migration
Provision of subsidies on equipment
Restrictive lending policies by banks
Correct answer is C
Intensive farming involves various types of agriculture with higher levels of input and output per cubic unit of agricultural land area. It is characterized by a low fallow ratio, higher use of inputs such as capital and labour, and higher crop yields per cubic unit land area.
Efficiency of labour in a country is determined by the following factor except the
Social attitude to work
Education and training
Working conditions of workers
Total population
Correct answer is D
Some of the factors affecting the efficiency of labour
- Personal Qualities of Labourers
- General Education and Intelligence
- Working Conditions
- Efficiency of Other Factors
- Welfare Services
- Motivation and Incentives
One feature of a growing population
Increase in the number of young people
Increase in the number of old people
Decrease in the dependent population
Decrease in the life expectancy
Correct answer is A
A growing population is primarily determined by rates of birth, death, immigration, and emigration. Under ideal conditions, population can grow exponentially. The growth rate increases as the population gets larger. An increased number of young people indicates a fast growing population.
One relationship between marginal utility and total utility. When total is
Rising, marginal utility is rising
Falling, marginal utility is negative
Maximum, marginal utility is maximum
Falling, marginal utility is rising
Correct answer is B
The following are the various relationships between total and marginal utility.