by Sunday | Oct 26 | Economics JAMB
A. skilled labour B. power C. infrastructural facilities D. limestone Correct Answer: Option D – limestone Explanation A major determinant in locating a cement factory will be the availability of raw materials, in this case which is...
by Sunday | Oct 26 | Economics JAMB
A. land use system B. inadequate supply of farm inputs C. low income of farmers D. limited research on seedlings Correct Answer: Option B – inadequate supply of farm inputs Explanation Farm inputs are the resources that are used in farm production, such as...
by Sunday | Oct 26 | Economics JAMB
A. lack of infrastructural facilities B. rural-urban migration C. inadequate supply of fertilizer D. low level of technology Correct Answer: Option A – lack of infrastructural facilities Explanation Infrastructures are the basic facilities that help a government...
by Sunday | Oct 26 | Economics JAMB
A. savings over time B. investment over time C. population over time D. output over time Correct Answer: Option D – population over time Explanation Economic growth is an increase in the production of economic goods and services, compared from one period of time...
by Sunday | Oct 26 | Economics JAMB
A. gross national product B. per capital income C. real national income D. real per capital income Correct Answer: Option B – per capital income Explanation The extent to which a country has developed is majorly indicated by the country’s level of per...
by Sunday | Oct 24 | Economics JAMB
A. N2000 B. N18 000 C. N12 000 D. N8 000 Correct Answer: Option D = N8 000