by Sunday | Oct 19 | Economics JAMB
A. discouragement of trade among member states B. encouragement of revolts against former colonial masters C. establishment of its headquarters in each members state D. liberalization of trade among member states Correct Answer: Option D – liberalization of...
by Sunday | Oct 19 | Economics JAMB
A. population density B. Malthusian population theory C. national population theory D. demographical transition theory Correct Answer: Option B – Malthusian population theory Explanation The Malthusian population theory highlights the relationship between...
by Sunday | Oct 19 | Economics JAMB
A. Provision of finance B. enhance loan savings C. creation of long term D. Provision of finance Correct Answer: Option C – creation of long term Explanation Money market can be defined as a market for short term loan. The market consists of institution or...
by Sunday | Oct 19 | Economics JAMB
A. The supply curve slopes downward B. Your utility grows at a slower and slower rate as you consume more and more units of a good. C. The elasticity of demand is infinite D. None of the above Correct Answer: Option B – Your utility grows at a slower and slower...
by Sunday | Oct 19 | Economics JAMB
A. a decrease in quantity supplied B. an increase in supply C. a decrease in supply D. an increase in quantity supplied Correct Answer: Option D – an increase in quantity supplied Explanation There is an increase in the quantity supplied if the quantity supplied...