Economics SS1

All the following are the economic reasons for establishing public enterprises except the provision of

A. Consumer B. Service C. Capital D. Production

The entrepreneur controls and manages the _______

• Business

• Capital

• Production

• Land

In the money market, money can only be borrowed for

• Long Term

• Short Term

• Capital Project

• Public utilities

In a public corporation, the risks of business are borne by the

• workers

• Tax payers

• Board members

• Treasury

The reward for capital is

• Interest

• Rent

• Risk

• Premium

One important feature of sole proprietorship is that it

• It is limited liability business

• The business is owned by shareholders

• One person bears all the risk

• It is a legal entity

_______ is the breaking down production processes into different stages

• Division of land

• Division of wealth

• Division of labour

• Division of profit

Shares and stocks can be bought in the

• Commodity market

• Stock exchange

• Money market

• Open market

The most common form of business enterprise in west Africa is the __________

• Sole proprietorship

• Co operative

• Partnership

• Joint stock company

The natural growth rate of a population is the

• Death rate plus net immigration

• Rate of migration divided by birth rate

• Birth rate minus death rate

• Sum of birth rate and death rate