Search SchoolNGR

Economics Past Questions and Answers

Jamb Economics Questions

Question 26:

Which of the following is the standard concept for measuring and analyzing population growth?

SchoolNGR Classroom

A The rate of natural increase
B The net migrate
C The rate of population increase
D The fertility rate
E All of the above

View Answer & Explanation

Question 27:

When we draw a market demand curve, we?

SchoolNGR Classroom

A Ignore tastes, incomes and other prices
B Assumes that tastes, income and prices do not matter
C Assumes that taste, income and all other prices change in same direction as prices
D Assume that tastes, incomes and all other prices remain constant
E Both A and B above

View Answer & Explanation

Question 28:

Capital earns income because?

SchoolNGR Classroom

A It is productive
B It is expensive
C It is always cheaper to substitute capital for labour
D It is technically more efficient than labour
E Both A and B above

View Answer & Explanation

Question 29:

In a free market economy, the rationing of scarce goods is done principally by

SchoolNGR Classroom

A The government
B Business organizations
C The price mechanism
D Consumers
E Both A and B

View Answer & Explanation

Question 30:

A disadvantage of the corporate form of business is the?

SchoolNGR Classroom

A Risk of the owners of loss of personal effects if the business should fail
B Ability of the corporation to is financial resources
C Limited life span of the corporation
D Problems presented by separation ownership from control
E None of the above

View Answer & Explanation

Stay Updated

Follow us on:

Subjects