by Sunday | Oct 22 | Economics JAMB
A. net national product B. gross domestic product C. gross national product D. per capita income Correct Answer: Option D – per capita income Explanation Per capita income is a measure of the amount of income earned per person in a nation or geographical region....
by Sunday | Oct 22 | Economics JAMB
A. a higher output level B. constant returns to scale C. over-capacity utilization D. a lower output level Correct Answer: Option A – a higher output level
by Sunday | Oct 22 | Economics JAMB
A. economies of scale B. specialization C. division of labour D. diseconomies of scale Correct Answer: Option A – economies of scale Explanation Economies of scale is a proportionate saving in costs gained by an increased level of production. This means that, a...
by Sunday | Oct 22 | Economics JAMB
A. at the prevailing rate B. at the equilibrium price C. above the equilibrium price D. below the equilibrium price Correct Answer: Option C – above the equilibrium price
by Sunday | Oct 22 | Economics JAMB
A. producers are sovereign B. it provides low degree of freedom C. it widens the inequitable gap D. consumers are sovereign Correct Answer: Option A – producers are sovereign Explanation Price mechanism refers to the system where the forces of demand and supply...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.