by Sunday | Oct 20 | Economics JAMB
A. The federal government B. Private and individual organizations C. The state government D. The federal and state governments Correct Answer: Option B – Private and individual organizations Explanation public limited company; A company whose securities are...
by Sunday | Oct 20 | Economics JAMB
A. Taxes, Fees, licenses and fines B. Personal income, disposable income and transfer earnings C. Interest, dividends, profits and earnings D. Grants, aids and borrowing Correct Answer: Option B = Personal income, disposable income and transfer earnings Explanation...
by Sunday | Oct 20 | Economics JAMB
A. 2.00 B. 0.50 C. 1.50 D. 1.00 Correct Answer: Option B – 0.50 Explanation Percentage change in price divided by % change in quantity supply 15.00-13.50=1.5 1.5 ÷13.50 x (100) =11.11% ÷ 20%= 0.1111 ÷ 0.2 0.55555.....
by Sunday | Oct 20 | Economics JAMB
A. Unemployment B. Unlimited resources C. Scarcity of resources D. Overpopulation Correct Answer: Option C – Scarcity of resources Explanation Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among...
by Sunday | Oct 20 | Economics JAMB
A. Reviewing the land tenure system B. Ensuring even distribution of farm inputs C. Embarking on irrigation farming D. Establishing agricultural marketing boards Correct Answer: Option D – Establishing agricultural marketing boards Explanation Improving the...