by Sunday | Oct 23 | Economics JAMB
A. efficient allocation of resources B. the invisible hand C. the regulatory nature of the market D. consumer rationality Correct Answer: Option C – the regulatory nature of the market Explanation What is a regulated market? A regulated market is one that is...
by Sunday | Oct 23 | Economics JAMB
A. efficient allocation of resources B. production of goods C. operation of companies D. generation of income Correct Answer: Option A – efficient allocation of resources Explanation Economics as the study of human behaviour has to do with efficiently allocating...
by Sunday | Oct 23 | Economics JAMB
A. Industrial development B. Income per head C. Revenue generation D. Economic development Correct Answer: Option B – Income per head Explanation The optimum population is a concept where the human population is able to balance maintaining a maximum population...
by Sunday | Oct 23 | Economics JAMB
A. AFC B. MC C. AC D. AVC Correct Answer: Option B – MC Explanation In a monopoly, the price is set above marginal cost and the firm earns a positive economic profit. When the price is equal to marginal cost, the monopoly profit is...
by Sunday | Oct 23 | Economics JAMB
A. Unemployment rate has decreased B. General prices have fallen C. Employment rate has risen D. General prices have risen Correct Answer: Option B – General prices have fallen Explanation To better understand this, we need to know what real and nominal income...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.