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3346
The supply curve above is
  • A. Fairly inelastic
  • B. Perfectly inelastic
  • C. Unitary elastic
  • D. Perfectly elastic
View Answer & Discuss (1) JAMB 2016
3347

One of the factors affecting change in demand for a commodity is the _______?

  • A. Supply of the commodity
  • B. Availability of the substitutes
  • C. Price of the commodity
  • D. Technical know-how
View Answer & Discuss (6) JAMB 2016
3348

Public ownership of productive factors is a feature of_______?

  • A. Socialism
  • B. Capitalism
  • C. Feudalism
  • D. Mixed economy
View Answer & Discuss (8) JAMB 2016
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3349

If the marginal propensity to save is 0.8, calculate the multiplier?

  • A. 1.25
  • B. 5.00
  • C. 1.30
  • D. 2.25
View Answer & Discuss (7) JAMB 2016
3350

The slow pace of industrial growth in Nigeria can be attributed to__________?

  • A. lack of raw materials
  • B. lack of market for produce
  • C. inadequate skilled labour
  • D. over-dependence on the oil sector
View Answer & Discuss JAMB 2016
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