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1326
All activities involved in the distribution and exchange of goods and services are referred to as?
  • A. Trade
  • B. Market survey
  • C. Advertising
  • D. Commerce
  • E. Sales promotion
View Answer & Discuss WAEC 1995
1327
Land as a factor of production comprises?
  • A. all resources provided by nature
  • B. the earth surface only
  • C. land surface and vegetation
  • D. efforts to exploit the earth
  • E. the oceans and rivers only
View Answer & Discuss WAEC 1995
1328
Goods are usually classified into?
  • A. saleable and nonisaleable good
  • B. inferior and superior goods
  • C. luxurious and essential goods
  • D. producer and consumer goods
  • E. home made and foreign made goods
View Answer & Discuss WAEC 1995
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1329
Del-credere commission is an?
  • A. allowance paid to a supplier
  • B. extra allowance paid for guaranteeing recovery of debts
  • C. allowance paid to all commission agents
  • D. 'allowance paid bythe agent
  • E. allowances to ensure delivery of goods by commission agent
View Answer & Discuss WAEC 1995
1330
Which of the following is classified as invisible item in_the balance of payments?
  • A. . Export of goods
  • B. import of machinery
  • C. 1 Gifts
  • D. . Sale of assets
  • E. Salaries of expatriates
View Answer & Discuss (1) WAEC 1995
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