by Sunday | Oct 20 | Economics JAMB
A. Adequate knowledge of existing prices B. The influence on prices by individual economic units C. The restriction in terms of movement of goods and services D. The administration of a centralized price system Correct Answer: Option A = Adequate knowledge of existing...
by Sunday | Oct 20 | Economics JAMB
A. Prevailing wage rate B. Level of technology C. Unemployment rate D. Population size Correct Answer: Option B – Level of technology Explanation FACTORS DISCOURAGING OR LIMITING DIVISION OF LABOUR 1. The nature of goods and services: Some goods and services are...
by Sunday | Oct 20 | Economics JAMB
A. derived demand B. competitive demand C. composite demand D. complementary demand Correct Answer: Option C – composite demand Explanation Composite demand is where goods have more than one use. An increase in the demand for one product leads to a fall in...
by Sunday | Oct 20 | Economics JAMB
A. Precautionary motive B. Transactionary and Precautionary motive C. Speculative motive D. Speculative and Transactionary motives Correct Answer: Option C – Speculative motive Explanation Speculative motive: A desire to hold cash in order to be poised to...
by Sunday | Oct 20 | Economics JAMB
A. Marginal utility of a commodity is equal to the price paid for it B. Marginal utility of a commodity X is equal to the price of commodity Y C. Average utility of a commodity is equal to the price paid for it D. Total utility of a commodity is equal to the price...
by Sunday | Oct 20 | Economics JAMB
A. Price of substitutes B. Technological development C. Consumers choice D. Consumers income Correct Answer: Option B – Technological development Explanation Technological development; technological advances are an important factor in agriculture supply....
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.