by Sunday | Oct 26 | Economics JAMB
A. the death rate exceeds the birth rate B. immigration is equal to emigration C. the birth rate exceeds the death rate D. there is rapid economic growth Correct Answer: Option A – the death rate exceeds the birth rate Explanation The population of a country...
by Sunday | Oct 26 | Economics JAMB
A. economic resources B. national income C. labour force D. gross domestic product Correct Answer: Option C – labour force Explanation The active population comprises of all persons (both male and female) who make up of the labour force that supplies labour for...
by Sunday | Oct 26 | Economics JAMB
A. the money market B. the capital market C. various sources D. government Correct Answer: Option C – various sources Explanation A joint-stock company is a business entity in which shares of the company’s stock can be bought and sold by shareholders. They...
by Sunday | Oct 26 | Economics JAMB
A. commercial banks B. small-scale businesses C. public enterprises D. private enterprises Correct Answer: Option C – public enterprises Explanation privatization is the transfer of ownership, property or business from the government to the private sector. The...
by Sunday | Oct 26 | Economics JAMB
A. exploration and transportation B. upstream and downstream C. discovery and extraction D. onshore and offshore Correct Answer: Option B – upstream and downstream Explanation The term upstream and downstream is used in the oil and gas industry to refer to the...
by Sunday | Oct 26 | Economics JAMB
A. consumer goods originally imported B. machinery for industries C. more goods for exports D. more goods domestic consumption Correct Answer: Option C – more goods for exports Explanation Export Promotion strategy is geared towards promoting only the industries...