Which One of the Following Statements Is True

question 103

Multiple Choice

Which one of the following statements is true?

• A) Prices and quantities in individual markets are determined by the government.
• B) In the factor markets, labour is owned by businesses and supplied to households.
• C) In the factor markets, businesses supply labour in return for money repayments.
• D) Households supply labour to businesses in return for wages and salaries.

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Definitions:

Ivory Figure

An artwork or item crafted from the tusks of elephants or similar materials, often prized for its beauty and smoothness.

Queen Mother

The Queen Mother is a title given to the mother of a reigning monarch, often holding significant standing and influence in the royal court.

African Sculpture

African sculpture encompasses the diverse artistic traditions of the African continent, characterized by wood carvings, bronze and stone sculptures, masks, and figures, often serving both aesthetic and ceremonial functions.

Nok

An ancient civilization in West Africa known for its early ironworking technology and distinctive terracotta sculptures that date to around 1500 BC to AD 200.