by Sunday | Oct 19 | Economics JAMB
A. Social attitude to work B. Education and training C. Total population D. Working conditions of workers Correct Answer: Option C – Total population Explanation Efficiency of labour may be defined as the ability of labour to increase output without increasing...
by Sunday | Oct 19 | Economics JAMB
A. Citizen B. Business Men C. Government D. Foreigners Correct Answer: Option B – Business Men Explanation Capitalism or free market economy may be defined as the type of economic system in which the means of production are owned and controlled by private...
by Sunday | Oct 19 | Economics JAMB
A. Internal trade B. Multilateral trade C. Dilateral trade D. Trilateral trade Correct Answer: Option B – Multilateral trade Explanation Multilateral trade is a type of international trade in which a country trades with many other countries. This ensures...
by Sunday | Oct 19 | Economics JAMB
A. R B. S C. T D. V Correct Answer: Option D = V Explanation Law of diminishing returns states that as more units of a variable input are added to fixed amounts of land and capital, the change in total output will first rise and then fall. From the above diagram,...
by Sunday | Oct 19 | Economics JAMB
A. Profit B. Interest C. Rent D. Wage Correct Answer: Option C – Rent Explanation As factors of production, the reward for land is rent, capital is interest, labour is wages and salaries and entrepreneur is profit. Rent is the reward for Land as a factor of...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.