JAMB Economics 2009 Objective — Question 16

Question 16 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2009 Objective paper, with the correct answer and a full explanation.

Production takes place when

A. output is transformed into input
B. machines replace human effort
C. input is transformed into outputCorrect
D. there is specialization and division of labour

Explanation

When input is transformed into output, production has taken place. Generally, anytime utility is created, there is production.

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