by Sunday | Oct 20 | Economics JAMB
A. Positively sloped B. Vertical C. downward sloping D. Negatively Sloped Correct Answer: Option C – downward sloping Explanation The Demand Curve for a Monopolistic Market is of the same form as a regular Demand Curve. It is downward sloping because of the...
by Sunday | Oct 20 | Economics JAMB
A. Over-capacity utilization B. The discovery of alternative oil sources C. Shortage of indigenous manpower D. The excess supply of petroleum products Correct Answer: Option C – Shortage of indigenous manpower
by Sunday | Oct 20 | Economics JAMB
A. Federal Mortgage Bank B. Microfinance Banks C. Insurance Banks D. Federal Ministry of Finance Correct Answer: Option D – Federal Ministry of Finance Explanation The major categories of financial institutions include central banks, retail and commercial banks,...
by Sunday | Oct 20 | Economics JAMB
A. Over-dependence on foreign products B. Dominance of the industrial sector C. High per capita income D. Efficient and sensitive financial sector Correct Answer: Option A – Over-dependence on foreign products Explanation Characteristics Low per Capita Income...
by Sunday | Oct 20 | Economics JAMB
A. Equally distribute national income among citizens B. Determine the total population C. Compare population growth among nations D. Estimate per capita income Correct Answer: Option D – Estimate per capita income Explanation Helps in measuring the economic...