by Sunday | Oct 18 | Economics JAMB
A. capital gains tax B. purchase tax C. personal income tax D. capital tax Correct Answer: Option B – purchase tax
by Sunday | Oct 18 | Economics JAMB
A. circular B. downward sloping C. perfectly inelastic D. concave Correct Answer: Option C – perfectly inelastic
by Sunday | Oct 18 | Economics JAMB
A. Joint demand B. cross-elasticity of demand C. elasticity of supply D. competitive demand Correct Answer: Option A – Joint demand Explanation Joint demand is when the demand for one product is directly and positively related to market demand for a related good...
by Sunday | Oct 18 | Economics JAMB
A. cost economies B. economies of scale C. internal economies D. external economies Correct Answer: Option B – economies of scale
by Sunday | Oct 18 | Economics JAMB
A. beneficial B. power of satisfying a want C. advantageous D. consumable Correct Answer: Option B – power of satisfying a want
by Sunday | Oct 18 | Economics JAMB
A. J B. K C. M D. L Correct Answer: Option B = K