43
In the long run, all factors of production are?
- A. fixed
- B. variable
- C. marginal
- D. constant
44
The process of changing the form of a new material is known as?
- A. fabrication
- B. extraction
- C. conversion
- D. production
45
Given:
i. Shoemaker
ii. Policeman
iii. Fisherman
iv. Gardener
v.Broker
The persons engaged in primary occupation are?
- A. i,iii and iv
- B. iii and iv
- C. iii and v
- D. i, ii and v
46
The art of soaping-making is an example of?
- A. primary occupation
- B. secondary occcupation
- C. tertiary occupation
- D. construction occupation
47
An activity that involves derivation of raw materials from land and sea is?
- A. construction
- B. farming
- C. agriculture
- D. extraction
48
An aspect of commerce that facilitates the distribution of products is?
- A. transportation
- B. advertising
- C. branding
- D. trading