Economics (2018) | Study Mode

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Question 11
A
the poor and the rich
B
employers and workers
C
government and private investors
D
multinationals and individuals
Explanation

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Correct option: C
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Question 12
A
co-operatives
B
limited liability companies
C
partnership
D
public corporations
Explanation

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Correct option: A
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Question 13
A
volume of trade between countries
B
direction of international trade
C
commodity terms of trade
D
volume of imports
Explanation

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Correct option: C
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Question 14
Economics (2018) Q 14 image
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 15
A
Petroleum services
B
Processed rice
C
Processed milk
D
Banking services
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 18
A
principles of production
B
factors of production
C
items of production
D
labour and materials resources
Explanation

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Correct option: B
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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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Question 20
A
competitive demand
B
complementary demand
C
composite demand
D
independent demand
Explanation

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Correct option: B

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