by Sunday | Oct 26 | Economics JAMB
A. sell above minimum price B. sell below minimum price C. determine the price and quantity to sell D. negotiate price with customers Correct Answer: Option A – sell above minimum price Explanation When OPEC fixes a minimum price for the sale of its products, it...
by Sunday | Oct 26 | Economics JAMB
A. the death rate exceeds the birth rate B. immigration is equal to emigration C. the birth rate exceeds the death rate D. there is rapid economic growth Correct Answer: Option A – the death rate exceeds the birth rate Explanation The population of a country...
by Sunday | Oct 26 | Economics JAMB
A. economic resources B. national income C. labour force D. gross domestic product Correct Answer: Option C – labour force Explanation The active population comprises of all persons (both male and female) who make up of the labour force that supplies labour for...
by Sunday | Oct 26 | Economics JAMB
A. the money market B. the capital market C. various sources D. government Correct Answer: Option C – various sources Explanation A joint-stock company is a business entity in which shares of the company’s stock can be bought and sold by shareholders. They...
by Sunday | Oct 26 | Economics JAMB
A. commercial banks B. small-scale businesses C. public enterprises D. private enterprises Correct Answer: Option C – public enterprises Explanation privatization is the transfer of ownership, property or business from the government to the private sector. The...
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