by Sunday | Oct 21 | Economics JAMB
A. Oil firms B. Monopolistic competitive firm C. Monopolistic firm D. Perfectly competitive firm Correct Answer: Option C – Monopolistic firm Explanation Monopolistic firm is characterized by an industry in which many firms offer products or services that are...
by Sunday | Oct 21 | Economics JAMB
A. defacto and dejure B. increasing and decreasing C. over and under D. optimum Correct Answer: Option A – defacto and dejure Explanation There are two types of population census. They are: Defacto Population Census and De jure Population Census. Defacto is that...
by Sunday | Oct 21 | Economics JAMB
A. objective B. economy C. convenience D. certainty Correct Answer: Option A – objective Explanation There are four principles given by Adam Smith which include equality/ability to pay, economy, convenience and certainty. Objective is not a canon of...
by Sunday | Oct 21 | Economics JAMB
A. localization of industries B. roles of industrialization C. location of industry D. strategies of industrialization Correct Answer: Option A – localization of industries Explanation Localization means the concentration of a certain industry in a particular...
by Sunday | Oct 21 | Economics JAMB
A. stock exchange market B. imperfect market C. perfect market D. exchange market Correct Answer: Option C – perfect market Explanation The Perfect Competition is a market structure where a large number of buyers and sellers are present, and all are engaged in...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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