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Economics Past Questions and Answers
Classroom
Economics Questions
Question 4601:
JAMB 2022
A disadvantage of a jont-stock company is
SchoolNGR Classroom
A
Unlimited liability
B
Limited liability
C
Lack of continuity when a shareholder dies
D
Limited control in management by shareholders
View Answer & Explanation
Question 4602:
JAMB 2022
The middlemen is responsible for
SchoolNGR Classroom
A
Providing research facilities
B
Purchasing raw materials
C
Designing the product
D
Breaking the bulk
View Answer & Explanation
Question 4603:
JAMB 2022
A major function of the retailer is to
SchoolNGR Classroom
A
Grant credit to the wholesaler
B
Break bulk and sell products in small units
C
Reduce cost of distribution
D
Generate demand for products through advertisement
View Answer & Explanation
Question 4604:
JAMB 2022
A positive effect of a rapid population increase is
SchoolNGR Classroom
A
An excessive budget deficit
B
A reduction in standard of living
C
A wider market for goods and services
D
A higher dependency ratio
View Answer & Explanation
Question 4605:
JAMB 2022
Which of the following factors may not affect the efficiency of labour?
SchoolNGR Classroom
A
Education and training
B
Provision of welfare service
C
Race and colour of workforce
D
Quality of other factor inputs
View Answer & Explanation
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