by Sunday | Oct 20 | Economics JAMB
A. Risk B. Scarcity C. Opportunity cost D. Allocative efficiency Correct Answer: Option A – Risk Explanation Production possibilities curve demonstrates that: • There is a limit to what the society/individual can achieve, given the existing institutions,...
by Sunday | Oct 19 | Economics JAMB
A. The problem of allocating scarce resources among competing uses B. The way in which factors of production may be combined to produce output C. The way in which a firm decides on its profit maximising rate of output D. The problem of how output is distributed among...
by Sunday | Oct 19 | Economics JAMB
A. profit motive principles B. absence of price control board C. price determines production and distribution D. number of sellers and buyers Correct Answer: Option D – number of sellers and buyers Explanation A perfect market may be defined as one in which...
by Sunday | Oct 19 | Economics JAMB
A. CPI B. PPI C. GDP D. High Level of Unemployment Correct Answer: Option D – High Level of Unemployment Explanation The following are some indicators of economic growth: GDP. Gross Domestic Product, or GDP, is the total market value of all goods and services...
by Sunday | Oct 19 | Economics JAMB
A. Time utility B. form utility C. marginal utility D. place utility Correct Answer: Option B – form utility Explanation Form utility refers to the change in the form or structure of a commodity during its manufacturing process in other to increase its utility....
by Sunday | Oct 19 | Economics JAMB
A. collective bargaining B. imposing lower export duties C. revelation of currency D. reducing demand for imported goods Correct Answer: Option B – imposing lower export duties Explanation Tariffs are taxes or duties imposed on imports and exports by the...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.