Economics Jamb day 3, march 12, 2018 answers for 1:30pm jambites

land tenure system

increaing the production and exportation of new products

the private sector owns the means of production

shortage of ubskilled workers

2,500,000

ii,iii,v

raw material

inceased depency ratio

0.13

supply of money

tax evasion

deductive method

54

1.5

865.25

ii

unitary

decreasing retirn to scale

savings and import

minimum loses

consumers only

120

cardinal utility

government regulates the activities of the private sectors

a favourable balance of payment

it provides more at low cost

is a single seller of a commodity without close substitutes

I and iv

a change in other factors that will affect supply

shortage of skilled amnpower

imprve living conditions in africa

22

inflation rate

ii and iii

maximum price privatilization

privatilization

industrial mobility of labour

poor plan implementation

an increase in both equillibrum price and quantity

discovery of new mineral resources

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