by Sunday | Oct 26 | Economics JAMB
A. demand for 30 units B. supply of 40 units C. demand for 20 units D. supply of 20 units Correct Answer: Option B – demand for 20 units Explanation Excess demand occurred when 40 units were supplied. This is because, at this point, the demand was the same as...
by Sunday | Oct 26 | Economics JAMB
A. vertical mobility B. lateral mobility C. social mobility D. horizontal mobility Correct Answer: Option A – vertical mobility Explanation When a worker of a lower grade and status in an occupation moves to another occupation in a higher grade and status, it is...
by Sunday | Oct 26 | Economics JAMB
A. 10% B. 45% C. 55% D. 90% Correct Answer: Option A – 10%
by Sunday | Oct 26 | Economics JAMB
A. at the early stage of production B. negatively C. at the later stage of population D. positively Correct Answer: Option B – negatively Explanation A high rent on land will affect the cost of producing maize negatively. This is because the producers or farmers...
by Sunday | Oct 26 | Economics JAMB
A. the absence of common currency B. political instability C. high poverty level D. non implementation of decisions Correct Answer: Option A – the absence of common currency
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