by Sunday | Mar 29 | Economics JAMB
A. preference stock B. common stock C. debentures D. bank loan Correct Answer: Option C – debentures Explanation A debenture is a long-term debt security issued by a company and secured against assets, to raise capital for a business. The holder of a debenture...
by Sunday | Mar 29 | Economics JAMB
A. the issue of notes backed entirely by gold B. a country’s currency that is not negotiable C. the issue of notes not backed by gold D. a country’s currency officially issued Correct Answer: Option C – the issue of notes not backed by gold...
by Sunday | Mar 29 | Economics JAMB
A. income of the decision maker B. scarcity of resources C. the scale of preference of the decision-maker D. status of the decison maker Correct Answer: Option C – the scale of preference of the decision-maker
by Sunday | Mar 29 | Economics JAMB
A. mixed economy B. co-operative organizations C. capitalist economic system D. socialist economy Correct Answer: Option D = socialist economy Explanation Collectivism is a political-economic theory that advocates for a collective control of resources, especially over...
by Sunday | Mar 29 | Economics JAMB
A. frictional B. cyclical C. residual D. hidden Correct Answer: Option C = residual Explanation Residual unemployment is the type of unemployment that occurs in periods of full employment, as a result of being mentally, physically, or emotionally unfit to...
by Sunday | Mar 29 | Economics JAMB
A. reducing the size of the work force B. producing a given output with the lowest cost of combination of factors of production C. adoption of capital intensive technology D. increasing the quantity of the fixed factors of production Correct Answer: Option B =...
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