by Sunday | Oct 18 | Economics JAMB
A. can be calculated from incomplete data B. is a balancing point in an observation C. is a midpoint value in an array of data D. is not affected by extreme values in a data Correct Answer: Option B – is a balancing point in an...
by Sunday | Oct 18 | Economics JAMB
A. command economy B. mixed economy C. subsistence economy D. market economy Correct Answer: Option D – market economy
by Sunday | Oct 18 | Economics JAMB
A. scarcity and the need for choice B. The needs to satisfy wants C. Non – availability of factors of production D. Scarcity of resources Correct Answer: Option A – scarcity and the need for choice
by Sunday | Oct 18 | Economics JAMB
A. output – labour ratio B. capital – output ratio C. output growth rate D. Output per capital Correct Answer: Option C – output growth rate
by Sunday | Oct 18 | Economics JAMB
A. C + 1 + G(X-M) B. C + 1 + G C. C + 1 + G + X D. C + 1 + G + M Correct Answer: Option A = C + 1 + G(X-M)