Post Utme Economics Questions
Question 256:
One advantage of division of labour is:
- A Increased efficiency
- B Reduced specialization
- C Elimination of trade
- D Falling productivity
Question 257:
Occupational specialization occurs when people:
- A Avoid machinery use
- B Produce different crops
- C Focus specific professions
- D Restrict foreign trade
Question 258:
The concentration of similar firms in one area is:
- A Localization
- B Nationalization
- C Integration
- D Commercialization
Question 259:
Privatization involves:
- A Elimination of profits
- B Transfer public enterprises privately
- C Government takeover industries
- D Reduction of exports
Question 260:
Commercialization allows public enterprises to:
- A Eliminate services
- B Operate profitably
- C Depend on subsidies
- D Avoid efficiency