by Sunday | Oct 19 | Economics JAMB
A. Employer’s association B. Craft Union C. Trade union D. Employee’s union Correct Answer: Option A – Employer’s association Explanation Employer’s association is formed to enable members to adopt a common policy in labour negotiation. A good example of...
by Sunday | Oct 19 | Economics JAMB
A. Revenue generation B. Economic development C. Fiscal Policy D. Taxation Correct Answer: Option C – Economic development Explanation Fiscal policy is the use of income and expenditure instruments or policies to control or regulate the economic activities of a...
by Sunday | Oct 19 | Economics JAMB
A. Urban-Rural migration B. Rural-Urban migration C. Rural-Rural migration D. Urban-Urban migration Correct Answer: Option B – Rural-Urban migration Explanation Rural-urban migration is the movement of people from rural areas such as villages to urban centers....
by Sunday | Oct 19 | Economics JAMB
A. 50,000 people per square kilometer B. 2 million people per square kilometer C. 0.5 million people per square kilometer D. 20 million people per square kilometer Correct Answer: Option B – 2 million people per square kilometer Explanation Total population =...
by Sunday | Oct 19 | Economics JAMB
A. Petroleum services B. Processed rice C. Processed milk D. Banking services Correct Answer: Option D – Banking services Explanation Invisible Export consists of services rendered to other countries. Such services include transport, banking, insurance and other...
by Sunday | Oct 19 | Economics JAMB
A. Migrant labour B. Working population C. Labor turnover D. Mobility of Labour Correct Answer: Option B – Working population Explanation Working population also known as labour force refers to the total number of persons available to supply the labour for the...