by Sunday | Oct 30 | Economics JAMB
A. Fuel cost B. Electricity bill C. Rent on building D. Transportation cost Correct Answer: Option C – Rent on building
by Sunday | Oct 30 | Economics JAMB
A. time wastage will be minimized B. trade unions will be encouraged C. there will be a ready market for labour D. workers will be adequately rewarded Correct Answer: Option A – time wastage will be minimized
by Sunday | Oct 30 | Economics JAMB
A. cost to output B. wages to profit C. cost to input D. output to input Correct Answer: Option D – cost to input
by Sunday | Oct 30 | Economics JAMB
A. the product is homogenous B. there is perfect information among sellers C. both buyers and sellers have free entry into and free exits from the market D. the location of some sellers gives them an advantage over others Correct Answer: Option D – the location...
by Sunday | Oct 30 | Economics JAMB
A. Quantity demanded and supplied will be equal B. Quantity supplied will be greater than quantity demanded C. Quantity demanded will increase D. Quantity demanded will decrease Correct Answer: Option C – Quantity demanded will...
by Sunday | Oct 30 | Economics JAMB
A. the movement of goods and services is restricted B. there is adequate knowledge of existing prices C. prices are centrally administered D. individual economic units can influence prices Correct Answer: Option B – there is adequate knowledge of existing...
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