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Economics Past Questions and Answers

Jamb Economics Questions

Question 36:

Two basic features common to an industry are

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A Production processes and source of capital
B Source of capital and labour supply
C Similarity of products and source of raw materials
D Similarity of products and production processes

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Question 37:

When a union is composed of workers with the same skill,it is termed

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A A technical union
B A craft union
C An industrial union
D A workers' union

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Question 38:

The demand for labour is an example of

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A Composite demand
B Joint demand
C Derived demand
D Competitive demand

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Question 39:

Occupational mobility as applied to factors of production means the ease by which

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A Factors can be transferred from one form of use to another
B Resources can be transferred from one place to another
C Resources can be transformed from one form to another
D Factors can be transferred from one place to another

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Question 40:

An adverse environmental impact of the petroleum industry on the economy is

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A Communal riots
B The vandalization of oil equipment
C Oil spillage
D Community development

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