Search SchoolNGR

Economics Past Questions and Answers

Jamb Economics Questions

Question 31:

Full employment is a situation in which ____________

SchoolNGR Classroom

A Every adult is employed.
B Only the disable are not employed.
C All adults who can work are employed.
D All those who are able and eligible can find employment

View Answer & Explanation

Question 32:

Mono production economies are those that ____________

SchoolNGR Classroom

A Produce one main commodities
B Have a rich cultural heritage.
C Specialize in agricultural industries.
D Produce only raw materials.

View Answer & Explanation

Question 33:

Mono production economies are those that ____________

SchoolNGR Classroom

A Produce one main commodities
B Have a rich cultural heritage.
C Specialize in agricultural industries.
D Produce only raw materials.

View Answer & Explanation

Question 34:

Petroleum 'glut' in international trade means ____________

SchoolNGR Classroom

A Higher prices for the Consumption of petroleum.
B An Oversupply of petroleum.
C A fall in in petroleum production.
D A higher petroleum price offered by the buyer.

View Answer & Explanation

Question 35:

Retailers in an economy perform the function of ____________

SchoolNGR Classroom

A Distribution.
B Exchange
C Investment
D Production

View Answer & Explanation

Stay Updated

Follow us on:

Subjects