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3196
The creation of physical and concrete goods that can be seen and handled Is
  • A. diminishing returns
  • B. division of labour
  • C. Industrialization
  • D. production
  • E. specialization
View Answer & Discuss NECO 2007
3197

Which of the following is NOT a contribution of agriculture to industrial development?

  • A. provision of food for the industrial sector
  • B. Provision of funds for industrial development
  • C. Provision of raw materials
  • D. Supply of labour to the industrial sector
  • E. supply of machinery to the industrial sector
View Answer & Discuss (1) NECO 2007
3198
Branding and packaging of goods Is the function of
  • A. brokers
  • B. consumers
  • C. manufactures
  • D. retailers
  • E. wholesalers
View Answer & Discuss (2) NECO 2007
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3199
The solution to problem of how to produce in a capitalist economy is solved by
  • A. combining aid labour means of production
  • B. the producers involves
  • C. using capital Intensive method of production
  • D. using labour intensive method of production
  • E. using the method of production with the least cost
View Answer & Discuss NECO 2007
3200
Which of the following is a condition necessary
  • A. Few sellers and buyers
  • B. Free entry and exist
  • C. Homogeneous goods
  • D. Lack of preferential treatment
  • E. Many callers and buyers
View Answer & Discuss (3) NECO 2007
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