JAMB Economics 2023 Objective — Question 23
Question 23 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2023 Objective paper, with the correct answer and a full explanation.
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An economy is said to be at optimum level when
- A. (A) The citizens have the highest capital per head
- B. (B) all persons are gainfully employedCorrect
- C. (C) Prices of goods are lowest
- D. (D) Prices of goods are highest
Explanation
An economy is at its optimum (full employment) level when all factors of production, including labour, are gainfully employed.
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