by Sunday | Oct 21 | Economics JAMB
A. Adam Smith B. Reverend Thomas Malthus C. Professor trim fisher D. David Ricardo Correct Answer: Option D – David Ricardo Explanation The theory was first introduced by David Ricardo in the year 1817. Comparative advantage introduces opportunity cost as a...
by Sunday | Oct 21 | Economics JAMB
In a situation when a firm is operating in a perfectly competitive firm and the total cost is given perfectly competitive firm and the total cost is given as N75.00. If the market price is N7.00 determine the profit. When 25 units are produced A. N75.00 B. N100 C....
by Sunday | Oct 21 | Economics JAMB
The demand and supply functions of commodity x are given as follows: Qd = 20- 2p, Qs = 6p – 12 where p = price, Qd = quantity demanded and Qs = quantity supplied. Determine the equilibrium price A. N4 B. N8 C. N2 D. N10 Correct Answer: Option A Explanation Qd =...
by Sunday | Oct 21 | Economics JAMB
A. Improvement in transport system B. Instability in international exchange rate C. Restrictions on the movement of resources D. increase in tariff Correct Answer: Option A – Improvement in transport system Explanation Efficient transport system encourages...
by Sunday | Oct 21 | Economics JAMB
A. There has been an increase in the consumer’s money income B. There has been a reduction in the price of both A and B C. There has been no change in the price of A or B D. There has been no change in the price of A relative to the price of B Correct Answer:...
by Sunday | Oct 21 | Economics JAMB
A. subsidiary industry B. constructive industry C. manufacturing industry D. infant industry Correct Answer: Option A – subsidiary industry Explanation A subsidiary, subsidiary company or daughter company is a company that is owned or controlled by another...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.