by Sunday | Oct 19 | Economics JAMB
A. Provision of finance B. enhance loan savings C. creation of long term D. Provision of finance Correct Answer: Option C – creation of long term Explanation Money market can be defined as a market for short term loan. The market consists of institution or...
by Sunday | Oct 19 | Economics JAMB
A. The supply curve slopes downward B. Your utility grows at a slower and slower rate as you consume more and more units of a good. C. The elasticity of demand is infinite D. None of the above Correct Answer: Option B – Your utility grows at a slower and slower...
by Sunday | Oct 19 | Economics JAMB
A. a decrease in quantity supplied B. an increase in supply C. a decrease in supply D. an increase in quantity supplied Correct Answer: Option D – an increase in quantity supplied Explanation There is an increase in the quantity supplied if the quantity supplied...
by Sunday | Oct 19 | Economics JAMB
A. High tax rate B. Technology development C. High gross domestic product D. High-interest rate Correct Answer: Option C – High gross domestic product Explanation Economic growth is the process by which the productive capacity of an economy increases over a...
by Sunday | Oct 19 | Economics JAMB
A. that production is inefficient B. that demand is relatively inelastic C. that production is unattainable D. the law of increasing marginal cost Correct Answer: Option A = that production is inefficient Explanation Production possibility curve (PPC) shows the...
by Sunday | Oct 19 | Economics JAMB
A. favourable soil B. coal deposit C. crude oil deposit D. favourable climate Correct Answer: Option C = crude oil deposit Explanation Many Nigerians perceive the Niger Delta as synonymous with the oil-producing areas of Nigeria. In other words, the Niger Delta...