by Sunday | Oct 21 | Economics JAMB
A. supply curve B. liquidity preference C. Budget line D. demand curve Correct Answer: Option C – Budget line Explanation The Budget Line, also called as Budget Constraint shows all the combinations of two commodities that a consumer can afford at given market...
by Sunday | Oct 21 | Economics JAMB
A. commercial bank B. central bank C. mortgage bank D. development bank Correct Answer: Option C – mortgage bank Explanation Mortgage bank is a financial institution which grants loans for building purposes.
by Sunday | Oct 21 | Economics JAMB
A. factory unemployment B. structural unemployment C. mass unemployment D. frictional unemployment Correct Answer: Option A – factory unemployment Explanation There are three main types of unemployment: structural, frictional, and cyclical. The first two make up...
by Sunday | Oct 21 | Economics JAMB
A. median B. mean C. mode D. range Correct Answer: Option C – mode Explanation mode is the frequently occurring value in a given data.
by Sunday | Oct 21 | Economics JAMB
A. Rank B. Measurable C. Rise D. Fall Correct Answer: Option A – Rank Explanation The ordinalist approach explains that an individual can rank boundless of goods in order of preference with regard to the satisfaction they give him or her. Ordinalist approach is...
by Sunday | Oct 21 | Economics JAMB
A. A rise in cost of living gives a corresponding rise in standard of living B. A lower cost of living give a higher standard of living C. A lower cost of living give a lower standard of living D. None of the above Correct Answer: Option B – A lower cost of...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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