by Sunday | Oct 30 | Economics JAMB
A. utilize local raw materials B. employ an increase in the number of labour C. provide recreational facilities D. use modern machines which replace human labour Correct Answer: Option A – utilize local raw materials
by Sunday | Oct 30 | Economics JAMB
A. overdependence on the oil sector B. inadequate number of unskilled labour C. lack of raw materials D. inadequate infrastructural facilities Correct Answer: Option D – inadequate infrastructural facilities
by Sunday | Oct 30 | Economics JAMB
A. extraction of resources in their raw states B. the operation of small scale enterprises C. the economic activities of primary producers D. clearing and cultivation of land only Correct Answer: Option A – extraction of resources in their raw...
by Sunday | Oct 30 | Economics JAMB
A. elastic B. inelastic C. unitary elastic D. perfectly elastic Correct Answer: Option A – elastic
by Sunday | Oct 30 | Economics JAMB
A. the seasonal nature of the commodities B. high price of the commodities C. the changing tastes of consumers D. inadequate storage facilities Correct Answer: Option D – inadequate storage facilities
by Sunday | Oct 30 | Economics JAMB
A. efficiency B. marketing trade C. indigenization D. foreign trade Correct Answer: Option A – efficiency
by Sunday | Oct 30 | Economics JAMB
A. number of shares held B. status of the member C. equality of members D. management’s decision Correct Answer: Option C – equality of members
by Sunday | Oct 30 | Economics JAMB
A. falling B. rising C. equal to zero D. maximum Correct Answer: Option A – falling
by Sunday | Oct 30 | Economics JAMB
A. marginal cost be equal to total revenue B. marginal cost and marginal revenue be equal C. costs are mutually determined by buyers and sellers D. the marginal cost curve cuts the total cost curve Correct Answer: Option B – marginal cost and marginal revenue be...
by Sunday | Oct 30 | Economics JAMB
A. slope of the tangent to the curve at any given output B. U-shaped curve cutting the total cost curve at its lowest point C. straight line from the origin to the mid-point of the curve D. straight line cutting the curve at its highest point Correct Answer: Option B...