by Sunday | Oct 19 | Economics JAMB
A. Monetary policy B. Tax policy C. Economic policy D. Fiscal policy Correct Answer: Option D – Fiscal policy Explanation Fiscal policy may be defined as the use of income and expenditure instruments or policies to control or regulate the economic activities in...
by Sunday | Oct 19 | Economics JAMB
A. National Poverty Eradication Programme B. National Agency for Poverty and Education Program C. National Air Pollution and Environmental Purification D. None of the above Correct Answer: Option A – National Poverty Eradication Programme Explanation National...
by Sunday | Oct 19 | Economics JAMB
A. Scarce resources B. Decision making C. Opportunity cost D. Choice Correct Answer: Option C – Opportunity cost Explanation Opportunity cost is defined as the expression of cost in terms of alternative forgone. It is the satisfaction of one’s want at the...
by Sunday | Oct 19 | Economics JAMB
A. Deflation B. Inflation C. Devaluation D. Revaluation Correct Answer: Option C – Devaluation Explanation Devaluation is the official reduction of the exchange value of national currency in relation to the currencies of other countries. It is also the fall in...
by Sunday | Oct 19 | Economics JAMB
A. The percentage of interest charged is more B. Loan sought is long term C. Loan repayment is guaranteed D. Loan sought is short-term Correct Answer: Option B – Loan sought is long term Explanation Basically the difference between the capital markets and money...