by Sunday | Oct 22 | Economics JAMB
A. the maximum number of shareholders is 20 B. members are the owners C. members are the workers D. the minimum number of shareholders is 5 Correct Answer: Option B – members are the owners Explanation Some Characteristics of consumers’ co-operative...
by Sunday | Oct 22 | Economics JAMB
A. efficiency in pricing and distribution of the products B. an end to the importation of fuel C. an end to foreign firms’ dominance D. fixing appropriate production quotas Correct Answer: Option A – efficiency in pricing and distribution of the products...
by Sunday | Oct 22 | Economics JAMB
A. annual increase in production B. formation of OPEC C. high demand for crude oil D. huge investment outlay Correct Answer: Option B – formation of OPEC
by Sunday | Oct 22 | Economics JAMB
A. public offer B. indigenization C. privatization D. nationalization Correct Answer: Option C – privatization Explanation Privatization of public corporations is one of the ways to maintain efficiency in the sector. This happens when government owned and...
by Sunday | Oct 22 | Economics JAMB
A. market B. power supply C. water D. raw materials Correct Answer: Option A – market Explanation The most important determinant of the location of an industry that is into bricks production is the market. This has to do with people who are willing and able to...