by Sunday | Oct 23 | Economics JAMB
A. geographical mobility B. horizontal mobility C. professional advancement D. vertical mobility Correct Answer: Option D – vertical mobility Explanation Vertical mobility is the movement from one social status to a different social status. An example of...
by Sunday | Oct 23 | Economics JAMB
A. birth control measures B. technical progress C. government policies D. natural disasters Correct Answer: Option A – birth control measures Explanation One of the criticisms of the Malthusians population theory is that the theory couldn’t let go of the...
by Sunday | Oct 23 | Economics JAMB
A. dual exchange rate system B. managed floating rate system C. market-determined exchange rate system D. multiple exchange rate systems Correct Answer: Option D – multiple exchange rate systems Explanation Multiple exchange rates are a system where a country...
by Sunday | Oct 23 | Economics JAMB
A. concession B. incorporation C. commercialization D. privatization Correct Answer: Option D – privatization Explanation The transfer of ownership, property or business from the government to the private sector is termed privatization. This is done in sectors...
by Sunday | Oct 23 | Economics JAMB
A. capital account B. balance of payments C. current account D. balance of trade Correct Answer: Option B – balance of payments Explanation The balance of payments (BOP) is a statement of all transactions made between a country with the rest of the world over a...