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1866

The supply of land for agricultural purpose can be increased through _______

  • A. The introduction of mechanized farming
  • B. reclamation and irrigation
  • C. increase in prices of land
  • D. conversion of building sites to farmlands
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1867

Non-economic factors that influence the location of firms include ________

  • A. the existence of required materials for production
  • B. availability of population of buyers
  • C. adequate supply of power, good road and rail network
  • D. the activities of politicians in deciding location of firms
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1868

Which of the following is not an argument for the policy of privatization in West Africa?

  • A. To make businesses more profitable
  • B. Government is able to participate and control the operation of the privatized businesses
  • C. Members of the public are able to acquire shares
  • D. It encourages the inflow of capital and expertise from local and foreign sources
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1869

Use this data below to answer the question

The following data relates to the national income of a country.
Gross domestic product = $2800
Net factor income from abroad = $250
Depreciation = $700
Indirect taxes = $120

 

What is the country's Gross National (GNP)?

  • A. $ 3.050
  • B. $ 2.680
  • C. $ 2,350
  • D. $2,100
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1870

Use this data below to answer the question

The following data relates to the national income of a country.
Gross domestic product = $2800
Net factor income from abroad = $250
Depreciation = $700
Indirect taxes = $120

 

What is the country's Net National Product (NNP) at factor cost?

  • A. $3.050
  • B. $2,680
  • C. $2,230
  • D. $2.220
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