by Sunday | Oct 21 | Economics JAMB
A. A constant change in price B. A rise in prices C. An unequal fall in prices D. A proportionate fall in price Correct Answer: Option A – A constant change in price Explanation The quantity theory of money assumes that the velocity of money is constant. This...
by Sunday | Oct 21 | Economics JAMB
A. wants B. Scarcity C. Opportunity Cost D. Scale of Preference Correct Answer: Option B – Scarcity Explanation Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. This situation...
by Sunday | Oct 21 | Economics JAMB
A. issuing currency B. increasing cash ratio C. issuing cheque D. lending to borrowers Correct Answer: Option D – lending to borrowers Explanation Lending to borrowers in form of loan with an interest rate makes the commercial bank to create more...
by Sunday | Oct 21 | Economics JAMB
A. The industry has many differentiated products B. The industry is characterized by rapid technological change C. The industry consists of large number of producers D. There are significant barriers to prevent firms entering the market Correct Answer: Option D...
by Sunday | Oct 21 | Economics JAMB
A. Paris, France B. Geneva, Switzerland C. Lagos, Nigeria D. Vienna, Austria Correct Answer: Option D – Vienna, Austria Explanation The OPEC Secretariat is the executive organ of the Organization of the Petroleum Exporting Countries (OPEC). Located in Vienna, it...
by Sunday | Oct 21 | Economics JAMB
A. Labour and capital are close substitutes B. Labour costs are only a small proportion of total costs C. Demand for the final product that the labour produces is elastic D. A large quantity of unemployed labour is available in the economy Correct Answer: Option B...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.