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Economics Past Questions and Answers

Jamb Economics Questions

Question 71:

The middlemen is responsible for

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A Providing research facilities
B Purchasing raw materials
C Designing the product
D Breaking the bulk

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Question 72:

A major function of the retailer is to

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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

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Question 73:

A positive effect of a rapid population increase is

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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

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Question 74:

Which of the following factors may not affect the efficiency of labour?

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A Education and training
B Provision of welfare service
C Race and colour of workforce
D Quality of other factor inputs

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Question 75:

The type of unemployment found among workers who leave their jobs in search of other jobs is termed

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A Seasonal unemployment
B Structural unemployment
C Frictional unemployment
D Cyclical unemployment

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