21. Wholesalers play an important role in the distribution of goods and services because they?
- A. are located very close to consumers
- B. finance both producers and retailers
- C. pass information on from retailers to consumers
- D. sell in small units to consumers
22. If workers at the school canteen sell during the holidays, this is an example of?
- A. structural unemployment
- B. frictional unemployment
- C. seasonal unemployment
- D. residual unemployment
23. Positive checks as envisaged by Thamos Malthus can be prevented if
- A. date rate is reduced
- B. marriage is abolished
- C. more hospitals are built
- D. more restraint is adopted
24. Which of the following factors is not a reason for farmer’s unstable incomes
- A. dependence on too many crops
- B. poor storage facilities
- C. adverse weather condition
- D. recession in the world economy
25. Local firms can help in reducing unemployment in a country when?
- A. land acquisition becomes centralized
- B. imports of substitutes are reduced
- C. waste in the firm is eliminated
- D. subsidies to firms are decreased
26. An industry is described as a group of firms
- A. that provides jobs for many people
- B. which uses advance technology in production
- C. which produces similar products
- D. that provides jobs for few people
27. The largest component of national income in developing countries consist of?
- A. profits
- B. profit and rent
- C. rent
- D. wages and salaries
28. A baker bought flour and other ingredients for $250.00, spent $52.00 on distribution, sold the bread for $320.00. the value added by the baker is?
- A. $302.00
- B. $52.00
- C. $18.00
- D. $622.00
29. In a country with large population of full-time house
- A. will be composed of goods produced by women
- B. figures will be grossly over-stated
- C. statistics will be difficult to calculate
- D. figures will be grossly under-stated
30. In a country with large population of full-time housewives, national income
- A. will be composed of goods produced by women
- B. figures will be grossly over-stated
- C. statistics will be difficult to calculate
- D. figures will be grossly under-stated
