-st
ost
to
f
24. The barrier to entry in monopoly market may
be as a result
of
A. the competitive power of the monopolist.
B. government's grant of exclusive right to
production.
C. the low price always charged by the
monopolist.
D. the power given to the employers'
association.
25. Which of the following is not a feature of a
Private Limited Company?
A. It has a minimum of two shareholders
B. Shares can be sold on the stock exchange
C. The company is managed by board of
directors
D. The company is a separate legal entity
26. An advantage of sole proprietorship is that it
A. has ability to raise large capital.
B. enjoys perpetual existence.
C. can make quick decisions.
D. achieves economies of scale.
27. Warehousing facilities in the distribution and
marketing of products are mainly provided by
A. supermarkets.
B. wholesalers.
C. retailers.
D. consumers.
28. Malthus preventive checks did not include
A. late marriages.
B. moral restraint.
C. family planning.
D. outbreak of diseases.
S
29. A country can have a youthful population,
ceteris paribus, if there is
A. an increase in immigration.
B. a fall in birth rate.
C. a decline in death rate of the aged.
D. an increase in emigration of young people.
30. Efficiency of a worker is best measured in
terms of
A. wages paid to labour.
B. capital used by labour.
C. output per man-hour.
D. quantity of inputs used.
31. Mechanized farming is difficult to practice in
West Africa mainly because of
A. lack of unskilled workers.
B. land fragmentation.
C. pests and diseases.
D. urban-rural migration.
32. Many West African farmers can not obtain
credit from banks mainly because
A. they are very poor.
B. they cannot provide collateral security.
C. there are not enough banks.
D. they are peasant farmers.
33. Gross Domestic Product (GDP) measures the
output of a country's
A. residents at market prices.
B. citizens at market prices.
C. industries at factor cost.
D. nationals at factor cost.
Turn over