by Sunday | Oct 19 | Economics JAMB
A. 50,000 people per square kilometer B. 2 million people per square kilometer C. 0.5 million people per square kilometer D. 20 million people per square kilometer Correct Answer: Option B – 2 million people per square kilometer Explanation Total population =...
by Sunday | Oct 19 | Economics JAMB
A. Petroleum services B. Processed rice C. Processed milk D. Banking services Correct Answer: Option D – Banking services Explanation Invisible Export consists of services rendered to other countries. Such services include transport, banking, insurance and other...
by Sunday | Oct 19 | Economics JAMB
A. Migrant labour B. Working population C. Labor turnover D. Mobility of Labour Correct Answer: Option B – Working population Explanation Working population also known as labour force refers to the total number of persons available to supply the labour for the...
by Sunday | Oct 19 | Economics JAMB
A. Volume of trade between countries B. direction of international trade C. commodity terms of trade D. volume of imports Correct Answer: Option C – commodity terms of trade Explanation Term of trade refer to the rate at which a country’s exports exchange for...
by Sunday | Oct 19 | Economics JAMB
A. Large population size of the world B. Scarcity of resources C. Opportunity cost of goods and services D. Need to satisfy every desire of man Correct Answer: Option B – Scarcity of resources Explanation We study economics for different reasons such as...