by Sunday | Oct 19 | Economics JAMB
A. Volume of trade between countries B. direction of international trade C. commodity terms of trade D. volume of imports Correct Answer: Option C – commodity terms of trade Explanation Term of trade refer to the rate at which a country’s exports exchange for...
by Sunday | Oct 19 | Economics JAMB
A. Large population size of the world B. Scarcity of resources C. Opportunity cost of goods and services D. Need to satisfy every desire of man Correct Answer: Option B – Scarcity of resources Explanation We study economics for different reasons such as...
by Sunday | Oct 19 | Economics JAMB
A. Social attitude to work B. Education and training C. Total population D. Working conditions of workers Correct Answer: Option C – Total population Explanation Efficiency of labour may be defined as the ability of labour to increase output without increasing...
by Sunday | Oct 19 | Economics JAMB
A. Citizen B. Business Men C. Government D. Foreigners Correct Answer: Option B – Business Men Explanation Capitalism or free market economy may be defined as the type of economic system in which the means of production are owned and controlled by private...
by Sunday | Oct 19 | Economics JAMB
A. Internal trade B. Multilateral trade C. Dilateral trade D. Trilateral trade Correct Answer: Option B – Multilateral trade Explanation Multilateral trade is a type of international trade in which a country trades with many other countries. This ensures...
by Sunday | Oct 19 | Economics JAMB
A. R B. S C. T D. V Correct Answer: Option D = V Explanation Law of diminishing returns states that as more units of a variable input are added to fixed amounts of land and capital, the change in total output will first rise and then fall. From the above diagram,...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.