by Sunday | Oct 30 | Economics JAMB
A. export her crude oil B. control world crude oil prices C. reap the benefit of a cartel D. borrow money from members Correct Answer: Option C – reap the benefit of a cartel
by Sunday | Oct 30 | Economics JAMB
A. government purchases B. government military outlays C. wages and salaries D. housewives services Correct Answer: Option D – housewives services
by Sunday | Oct 30 | Economics JAMB
A. Output, income and wages B. Import, expenditure and output C. Income, output and expenditure D. Export, Import and output Correct Answer: Option C – Income, output and expenditure
by Sunday | Oct 30 | Economics JAMB
A. breaking of bulk B. offering personal services C. stocking a variety of goods D. providing transport facilities Correct Answer: Option A – breaking of bulk
by Sunday | Oct 30 | Economics JAMB
A. high retail prices B. scarcity of commodities C. low retail prices D. low producer earnings Correct Answer: Option B – scarcity of commodities
by Sunday | Oct 30 | Economics JAMB
A. average product of labour B. marginal revenue product of labour C. total product of labour D. sum of marginal revenue and average revenue of labour Correct Answer: Option B – marginal revenue product of labour
by Sunday | Oct 30 | Economics JAMB
A. ratio of the dependent to the working group B. total age of all working-class adults C. male-female ratio D. percentage of married women Correct Answer: Option A – ratio of the dependent to the working group
by Sunday | Oct 30 | Economics JAMB
A. effective defense B. effective revenue generation C. good economic planning D. optimum population Correct Answer: Option C – good economic planning
by Sunday | Oct 30 | Economics JAMB
A. greater than price B. less than price C. equal to price D. equal to average cost Correct Answer: Option B – less than price
by Sunday | Oct 30 | Economics JAMB
A. agriculture B. manufacturing C. coal D. crude oil Correct Answer: Option D – crude oil