by Sunday | Oct 22 | Economics JAMB
A. the presence of large-scale agro-allied industries B. high dependency ratio C. over dependence on agriculture for subsistence D. the use of crude implements in farming process Correct Answer: Option D – the use of crude implements in farming process...
by Sunday | Oct 22 | Economics JAMB
A. cultivate high breed crops B. process them into finished goods C. adopt modern storage methods D. advertise them in European markets Correct Answer: Option C – adopt modern storage methods Explanation Most agricultural produces are perishables and do not last...
by Sunday | Oct 22 | Economics JAMB
A. long-term financial instruments B. money market instruments C. cash and near money D. short-term financial instruments Correct Answer: Option C – cash and near money Explanation Life insurance is a contract in which an insurer (insurance company) in exchange...
by Sunday | Oct 22 | Economics JAMB
A. increase the profitability of multinational businesses B. improve the country’s GDP C. achieve higher standard of living for the citizens D. deregulate the economy Correct Answer: Option C – achieve higher standard of living for the citizens Explanation...
by Sunday | Oct 22 | Economics JAMB
A. decrease in the corporate profit tax rates B. decrease in welfare payments C. purchase of government securities D. decrease in the bank rate Correct Answer: Option A – decrease in the corporate profit tax rates Explanation Expansionary fiscal policy is when...