by Sunday | Oct 21 | Economics JAMB
A. by specialists B. in stages C. by all workers D. by unskilled labourers Correct Answer: Option B – in stages Explanation Division of labour: the assignment of different parts of a manufacturing process or task to different people in order to improve...
by Sunday | Oct 21 | Economics JAMB
A. external economies of scale B. external diseconomies of scale C. internal economies of scale D. internal diseconomies of scale Correct Answer: Option C – internal economies of scale Explanation “Internal economies are those economies in production which...
by Sunday | Oct 21 | Economics JAMB
A. auctioning B. market forces C. the sales of treasury bills D. government legislation Correct Answer: Option B – market forces Explanation Price mechanism refers to the system where the market forces of demand and supply determine the prices of commodities and...
by Sunday | Oct 21 | Economics JAMB
A. an increase in the quantity supplied B. a new equilibrium C. a decrease in the quantity supplied D. a fall in price Correct Answer: Option C – a decrease in the quantity supplied Explanation If the market price is below the equilibrium price, quantity...
by Sunday | Oct 21 | Economics JAMB
A. 20 B. 15 C. 50 D. 30 Correct Answer: Option A = 20 Explanation P = 1/4(Qs+10) when P = N10, what is Qs? when p = 10 Qs = 1/4 (10 + 10) Qs = 1/4 (20) Qs =20
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.