by Sunday | Oct 24 | Economics JAMB
A. labour-intensive method of production B. capital-intensive method of production C. efficient allocation of resources D. efficient distribution of output Correct Answer: Option C – efficient allocation of resources
by Sunday | Oct 24 | Economics JAMB
A. be self-sufficient B. raise general living standards C. raise the level of production D. reduce aggregate expenditure Correct Answer: Option A – be self-sufficient
by Sunday | Oct 24 | Economics JAMB
A. poverty alleviation B. provision of educational infrastructure C. provision of health services D. improvement in workers income Correct Answer: Option A – poverty alleviation
by Sunday | Oct 24 | Economics JAMB
A. balanced budget B. national debt C. budget deficit D. budget surplus Correct Answer: Option C – budget deficit
by Sunday | Oct 24 | Economics JAMB
A. production cost is high B. factor prices decrease C. there is too much money in circulation D. government embarks on deficit financing Correct Answer: Option A – production cost is high