Correct Answer: C. adopt modern storage methods

Explanation

Most agricultural produce are perishables and do not last past a few days after it has been harvested. The agricultural sector needs to adopt new and modern methods of produce processing and storage to preserve the quality and nutritional value of the foods

Correct Answer: C. increase in population

Explanation

Emigration is the act of leaving one's own country to settle permanently in another. The effect on the emigrating country is a reduction in the population and labour force and an increase in the population of the new country of residence

Correct Answer: D. the use of crude implements in farming process

Explanation

Farming implements used by farmers especially at the rural level has been known to lower productivity due to the amount of labour needed to increase production. These farmers still use outdated farm tools. This is one of the major reason for low productivity in the agricultural.

Correct Answer: B. members are the owners

Explanation

Some Characteristics of consumers' co-operative society: (1) A consumers' co-operative society is a voluntary association of persons and is registered under the Co-operative Societies Act owned and run by members. (2) The membership of these stores is open to all the adults. (3) There is a democratic control and management of the affairs of these societies.

Correct Answer: A. can be used to calculate open-ended distribution

Correct Answer: A. market

Explanation

The most important determinant of the location of an industry that is into bricks production is the market. This has to do with people who are willing and able to patronize the product of the company. The market to buy produced goods/materials is very important. If the industry is located in a rural area, the patronage would be low because urban areas are the highest consumers of building materials.

Correct Answer: B. MC

Explanation

Monopolies make profits by creating prices that are higher, and output that is lower. Profits would be eliminated when price is equal to marginal cost. That is the cost incurred by a firm by producing one additional unit of a product or service. The monopoly would no longer make profits if the price it charges for its product is equal to the additional cost it incurred in producing that good.

Correct Answer: B. formation of OPEC

Correct Answer: B. rise

Explanation

The interest rates will be high if CBN reduces money supply. This is done to discourage borrowing and control the flow of money in the economy. It is mostly done when there is excess money in circulation. CBN would raise the interest rates to discourage borrowing and encourage savings and investments, thereby mopping out the excess money in circulation.

Correct Answer: B. sell its own currency

Explanation

If the naira can be valued to the point where it can compete with other foreign currencies in the foreign exchange market, the value will be high in the international market.