Economics JAMB

The use of modern weaving machines in the production of local fabric will result in?

A. an increase in the demand for labour
B. a decrease in the demand for labour
C. an increase in wages
D. a decrease in wages

Correct Answer:

Option B – a decrease in the demand for labour

Explanation

The use of modern machines in production leads to an efficient and fast-tracked production process with less human power required. This is one of the merits of technology in production and is used to maximize product quality and reduce production costs.

The use of machines in production leads to a decrease for the demand for labour.

Sunday

Share
Published by
Sunday
Tags: economics

Recent Posts

GNS 111 Theory Questions: The Evolution and Dynamics of Nigeria’s Federal System

100 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

9 hours ago

GNS 111 Theory Questions: Government vs. Constituted Authority and Their Roles

100 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

10 hours ago

GNS 111 Theory Questions: Rights, Civil Liberties, and Civic Duties in Nigeria

100 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

10 hours ago

GNS 111 Theory Questions: Revenue Allocation Formula Explained

100 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

10 hours ago

GNS 111 Theory Questions: Fundamental Objectives and Their Application in Nigeria

100 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

12 hours ago

GNS 111 Theory Questions: Guidance on Nigerian Citizenship by Marriage

100 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

12 hours ago