by Sunday | Oct 21 | Economics JAMB
A. negative B. positive C. zero D. fixed Correct Answer: Option B – positive Explanation A positive income elasticity of demand is associated with normal goods; an increase in income will lead to a rise in...
by Sunday | Oct 21 | Economics JAMB
A. Utility B. Cost C. Demand D. Production function Correct Answer: Option D – Production function Explanation Production function shows the technical information about the combination of inputs necessary for the production of outputs. In equation we write the...
by Sunday | Oct 21 | Economics JAMB
A. gift and donations B. rents and rates C. profit and dividends D. internal and external debts Correct Answer: Option A – gift and donations Explanation Examples of transfer payments include welfare, financial aid, gifts, social security, and government making...
by Sunday | Oct 21 | Economics JAMB
A. Partnership B. Public limited liability company C. Sole proprietorship D. Central bank Correct Answer: Option B – Public limited liability company Explanation A public limited company (PLC) is the legal designation of a limited liability company (LLC) that...
by Sunday | Oct 21 | Economics JAMB
A. price maker B. price taker C. price system D. price competition Correct Answer: Option A – price maker Explanation Monopoly is a situation where there is a single producer and seller of a commodity for which there is no close substitute. This gives a...
by Sunday | Oct 21 | Economics JAMB
A. Oil firms B. Monopolistic competitive firm C. Monopolistic firm D. Perfectly competitive firm Correct Answer: Option C – Monopolistic firm Explanation Monopolistic firm is characterized by an industry in which many firms offer products or services that are...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.