by Sunday | Oct 24 | Economics JAMB
A. monopolistic B. oligopolistic C. monopsonistic D. competitive Correct Answer: Option A – monopolistic Explanation The word ‘Monopolistic’ relates to a person or business that has exclusive possession or control of the supply of or trade in a...
by Sunday | Oct 24 | Economics JAMB
A. the age of workers B. government policy C. trade unions D. wage rate differentials Correct Answer: Option D – wage rate differentials Explanation The mobility of labour refers to how easily workers can move to different jobs within the economy. One of the...
by Sunday | Oct 24 | Economics JAMB
A. size of a population available and willing to work B. population density of a place C. dependency ratio of a country D. size and categories of the labour force Correct Answer: Option D – size and categories of the labour force Explanation Occupational...
by Sunday | Oct 24 | Economics JAMB
A. high infant mortality rate B. the level of income C. high birth rate D. inadequate medical care for children Correct Answer: Option C – high birth rate Explanation The dependency ratio relates to the number of children (0-14. years old) and older persons (65...
by Sunday | Oct 24 | Economics JAMB
A. oil exploration and distribution B. refining and marketing of finished products C. upstream and downstream D. exploration and drilling Correct Answer: Option C – upstream and downstream