Which of the following is the resultant effect of a fall in …

JAMB Economics 2023 136 views
Source: JAMB · 2023

Which of the following is the resultant effect of a fall in the profit margin of producers in an economy?

  1. Unemployment will increase ✓
  2. Unemployment will fall
  3. Unemployment will remain constant
  4. Unemployment will fluctuate
Explanation

This answer correctly explains the economic concept. Economics studies how people make choices about limited resources.

The other options describe different economic ideas or situations. They don’t fit what this question asks.

Remember this economic principle when thinking about money, trade, and how markets work.

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