by Sunday | Oct 21 | Economics JAMB
A. produce more food for the growing population B. provide employment opportunities for the people C. estimate a country’s per capita income D. fast track industrial development Correct Answer: Option D – fast track industrial development Explanation...
by Sunday | Oct 21 | Economics JAMB
A. providing employment B. siting industries C. providing social amenities D. allocating resources Correct Answer: Option C – providing social amenities Explanation Population census helps to forecast the country’s economic needs, for example, electricity,...
by Sunday | Oct 21 | Economics JAMB
A. management B. members without loan C. shareholders D. members with the highest contribution Correct Answer: Option C – shareholders Explanation The following are Some of the features of a cooperative society are:- 1. Voluntary Association 2. Equal Voting...
by Sunday | Oct 21 | Economics JAMB
A. take over markets formally controlled by other firms B. prevent other firms from entering the market C. reduce advertisement and management cost D. enjoy economies of large-scale production Correct Answer: Option D – enjoy economies of large-scale production...
by Sunday | Oct 21 | Economics JAMB
A. the expansion of factory space B. the building of new warehouse C. an increase in the cost of labour D. an increase in the salaries of directors Correct Answer: Option C – an increase in the cost of labour