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4711

At the equilibrium price,

  • A. demand equates supply
  • B. price is equal to demand only
  • C. demand is less than supply
  • D. demand is greater than supply
View Answer & Discuss JAMB 2024
4712

Which of the following is a disadvantage of localization of industries?

  • A. Creating structural unemployment
  • B. Reducing cost of production
  • C. Encouraging the growth of skilled labour
  • D. Encouraging subsidiary industries
View Answer & Discuss (6) JAMB 2024
4713

Stock exchange market deals with

  • A. sales of second hand securities
  • B. sales of foreign exchange
  • C. exchange of stock fish for stock
  • D. exchange of treasury bills
View Answer & Discuss JAMB 2024
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4714

Which of the following is NOT a major role of OPEC in production, and marketing of petroleum?

  • A. Stabilizing oil prices putting a production ceiling
  • B. Refining of petroleum products in member countries
  • C. Raising the revenue of member countries from oil through price increase
  • D. Ensuring efficient and regular supply of oil to the two market
View Answer & Discuss JAMB 2024
4715

The satisfaction derived from the consumption of a commodity is referred to as

  • A. consumption
  • B. production
  • C. utility
  • D. demand
View Answer & Discuss JAMB 2024
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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