by Sunday | Oct 21 | Economics JAMB
A. take over markets formally controlled by other firms B. prevent other firms from entering the market C. reduce advertisement and management cost D. enjoy economies of large-scale production Correct Answer: Option D – enjoy economies of large-scale production...
by Sunday | Oct 21 | Economics JAMB
A. the expansion of factory space B. the building of new warehouse C. an increase in the cost of labour D. an increase in the salaries of directors Correct Answer: Option C – an increase in the cost of labour
by Sunday | Oct 21 | Economics JAMB
A. downstream sector of the oil industry B. upstream and downstream sector of the oil industry C. upstream sector of the oil industry D. midstream and upstream sectors of the oil industry Correct Answer: Option C – upstream sector of the oil industry Explanation...
by Sunday | Oct 21 | Economics JAMB
A. provision of social infrastructures B. granting of subsidies on petroleum products C. stabilization of oil prices D. building of refineries Correct Answer: Option C – stabilization of oil prices Explanation OPEC aims to regulate the supply of oil in order to...
by Sunday | Oct 21 | Economics JAMB
A. tax exemption grant B. its proximity to the market C. the capital base D. the social responsibility of the firm Correct Answer: Option B – its proximity to the market Explanation Factors responsible for location of Industries Some of them are, raw material,...
by Sunday | Oct 21 | Economics JAMB
A. the risk of structural unemployment B. over-utilization of installed industrial capacity C. the risk of seasonal unemployment D. under-utilization of installed industrial capacity Correct Answer: Option D – under-utilization of installed industrial capacity...