by Sunday | Jan 3 | Economics JAMB
A. will be composed of goods produced by women B. figures will be grossly over-stated C. statistics will be difficult to calculate D. figures will be grossly under-estimated Correct Answer: Option B – figures will be grossly over-stated Explanation In a country...
by Sunday | Jan 3 | Economics JAMB
A. death rate is reduced B. moral restraint abolished C. more hospitals are built D. there is natural calamities Correct Answer: Option D – there is natural calamities Explanation The positive checks are: famine, war, disease, pestilence, floods and other...
by Sunday | Jan 3 | Economics JAMB
A. structural unemployment B. frictional unemployment C. seasonal unemployment D. residual unemployment Correct Answer: Option C – seasonal unemployment Explanation Seasonal unemployment occurs in industries or activities that are seasonal in nature. Such...
by Sunday | Jan 3 | Economics JAMB
A. are located very close to consumers B. finance both producers and retailers C. pass information on from retailers to consumers D. sell in small units to consumers Correct Answer: Option B – finance both producers and retailers Explanation Wholesalers finance...
by Sunday | Jan 3 | Economics JAMB
A. increasing returns to scale B. diminishing average returns C. decreasing marginal returns D. decreasing average fixed cost Correct Answer: Option A – increasing returns to scale Explanation A firm’s average cost decreases in the long-run because of the...
by Sunday | Jan 3 | Economics JAMB
A. the consumer is in equilibrium B. more of the commodity can be consumed C. total utility is also equal to its price D. the market is not in equilibrium Correct Answer: Option A – the consumer is in equilibrium Explanation A consumer is in equilibrium when the...
by Sunday | Jan 3 | Economics JAMB
A. the lowest cost of producing goods B. the cost of production of the most efficient firm in an industry C. the cost of production of the most inefficient firm in an industry D. the cost of production of the last or extra unit of goods produced by a firm Correct...
by Sunday | Jan 2 | Economics WAEC
A. there is an increase in taxes on inputs B. government increases subsidies C. rural-urban migration is encouraged D. the price of the commodity increases Correct Answer: Option D – the price of the commodity increases Explanation One of the law of supply is,...
by Sunday | Jan 2 | Economics WAEC
A. competitive goods B. composite goods C. jointly supplied D. derived goods Correct Answer: Option A – competitive goods Explanation Competitive goods means goods and/or services that meet the same buyer or customer needs as one or more goods and /or services...
by Sunday | Jan 2 | Economics WAEC
A. negatively sloped B. positively sloped C. vertical D. horizontal Correct Answer: Option B – positively sloped Explanation Ostentation goods are goods that are expensive such as jewelries, gold wrist watch etc. The higher the price, the higher the quantity...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.