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Economics Past Questions and Answers

Jamb Economics Questions

Question 26:

A form of tax that is mildly progressive and regressive is_______

SchoolNGR Classroom

A Proportional tax
B Progressive tax
C Regressive tax
D Digressive tax

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Question 27:

Industrialization is the process of___________

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A Concentrating a firm in a place
B Transforming as economy based on extractive to manufacturing
C Transferring a government industry to individual
D Transforming finished goods into semi-finished goods

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Question 28:

One of these is not a way by which government encourage industrialization?

SchoolNGR Classroom

A Protection of Infant industries
B Establishment of Nigeria Enterprises Promotion Decree
C Low Productivity and inefficiency
D Establishment of higher institutions

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Question 29:

The sector which contribute highly to the economy is___________

SchoolNGR Classroom

A Primary sector
B Secondary sector
C Tertiary sector
D Education sector

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Question 30:

A permit that allows an importer to bring a certain quantity of foreign goods into a country is_________

SchoolNGR Classroom

A Import monopoly
B Import licence
C Import quota
D Embargo

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