Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Land as a factor of production does not vary in?
quantity
nature
quality
cost
Correct answer is A
No explanation has been provided for this answer.
A distinguishing characteristic of labour is that it is
constant
expensive
mobile
cost
Correct answer is C
No explanation has been provided for this answer.
The pivot on the wheel of commerce rotates is
tariff
trade
taxation
price
Correct answer is B
No explanation has been provided for this answer.
One of the function of the Niger Basin Commission is to
Ensure equal treatment of African nations
Foster closer co-operation among West African nations
Map out regulation that will guide all navigation for all West African nations
guarantee freedom of navigation for all West African nations
Correct answer is C
No explanation has been provided for this answer.
The instrument establishing the Economic Community of West African State in 1975 is
a decree
an act
a treaty
constitution
Correct answer is C
No explanation has been provided for this answer.