by Sunday | Oct 21 | Economics JAMB
A. providing research and massive employment of labour B. redistributing national income to various regions of the country C. encouraging the use of traditional implements D. encouraging urban-rural migration Correct Answer: Option A – providing research and...
by Sunday | Oct 21 | Economics JAMB
A. processing of raw materials for industries B. regulation of price system C. provision of infrastructure D. provision of employment Correct Answer: Option D – provision of employment Explanation The contribution of agriculture to economic growth and...
by Sunday | Oct 21 | Economics JAMB
A. excess capacity utilization B. low rate of population growth C. low level of standard of living D. low level of unemployment Correct Answer: Option C – low level of standard of living Explanation An underdeveloped economy is characterized by low per capita...
by Sunday | Oct 21 | Economics JAMB
A. low capital formation B. rural-urban migration C. over-dependence on oil D. poor developmental policies Correct Answer: Option D – poor developmental policies Explanation Nigeria’s economic potential is constrained by many structural issues, including...
by Sunday | Oct 21 | Economics JAMB
A. encouraging investors B. curbing inflation C. regulating standard of living D. curbing deflation Correct Answer: Option B – curbing inflation Explanation Wage Freeze; A policy in which a company refuses to raise wages and salaries for a period of time. A wage...
by Sunday | Oct 21 | Economics JAMB
A. The cost of living decreases of that year B. The cost of living remains unchanged C. The value of money rises by 75% D. The value of money falls by 75% Correct Answer: Option A – The cost of living decreases of that year