by Sunday | Oct 23 | Economics JAMB
A. be constant B. be at equilibrium C. increase D. fall Correct Answer: Option C – increase Explanation Recall that a downward sloping aggregate demand curve means that as the price level drops, the quantity of output demanded increases. Similarly, as the price...
by Sunday | Oct 23 | Economics JAMB
A. salaries and wages B. pension C. scholarship D. social welfare Correct Answer: Option D – social welfare Explanation Social welfare refers to a wide range of activities and services by volunteers, non-profit organizations and governmental agencies providing...
by Sunday | Oct 23 | Economics JAMB
A. a rise in income levels B. stagflation C. inflation D. deflation Correct Answer: Option C – inflation Explanation Increasing the money supply without a corresponding increase in real output will cause inflation. The reason is that there is more money chasing...
by Sunday | Oct 23 | Economics JAMB
A. the capital base of banks B. employment opportunities in banks C. the number of shareholders D. the number of branches Correct Answer: Option A – the capital base of banks Explanation Bank consolidation is the process by which one banking company takes over...
by Sunday | Oct 23 | Economics JAMB
A. few sellers B. few buyers C. many sellers D. a single seller Correct Answer: Option A – few sellers Explanation Oligopoly is a state of limited competition, in which a market is shared by a small number of producers or sellers. One of the major features of...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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