by Sunday | Oct 20 | Economics JAMB
A. Prevailing wage rate B. Level of technology C. Unemployment rate D. Population size Correct Answer: Option B – Level of technology Explanation FACTORS DISCOURAGING OR LIMITING DIVISION OF LABOUR 1. The nature of goods and services: Some goods and services are...
by Sunday | Oct 20 | Economics JAMB
A. derived demand B. competitive demand C. composite demand D. complementary demand Correct Answer: Option C – composite demand Explanation Composite demand is where goods have more than one use. An increase in the demand for one product leads to a fall in...
by Sunday | Oct 20 | Economics JAMB
A. Precautionary motive B. Transactionary and Precautionary motive C. Speculative motive D. Speculative and Transactionary motives Correct Answer: Option C – Speculative motive Explanation Speculative motive: A desire to hold cash in order to be poised to...
by Sunday | Oct 20 | Economics JAMB
A. Marginal utility of a commodity is equal to the price paid for it B. Marginal utility of a commodity X is equal to the price of commodity Y C. Average utility of a commodity is equal to the price paid for it D. Total utility of a commodity is equal to the price...
by Sunday | Oct 20 | Economics JAMB
A. Price of substitutes B. Technological development C. Consumers choice D. Consumers income Correct Answer: Option B – Technological development Explanation Technological development; technological advances are an important factor in agriculture supply....
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.