Economics (2018) | Study Mode

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Question 14
A

Ghana should produce coffee and cocoa

 
B

Ghana would benefit by producing cocoa only

 
C

Sierra-Leone should not produce any of the products

 
D

Sierra-Leone should produce coca and Ghana coffee

 
Explanation.
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Correct Option:
D
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Question 16
A
Oil and Petroleum Exporting Countries 
B
Original Petroleum Exporting Countries 
C
Organisation of Petrol Exporting Countries 
D
Organisation of Petroleum Exporting Countries. 
Explanation.
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Correct Option:
D
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Question 17
A
control the growth of population 
B
redistribute income between the rich and the poor 
C
satisfy all human wants 
D
allocate scarce resources to satisfy human wants. 
Explanation.
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Correct Option:
D
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Question 19
A
large population size of the world 
B
scarcity of resources 
C
opportunity cost of goods and services 
D
need to satisfy every desire of man 
Explanation.
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Correct Option:
B
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