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Economics Past Questions and Answers

Jamb Economics Questions

Question 61:

If commodities X and Y are substitute, their cross elasticity of demand will be

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A One
B Positive
C Negative
D Zero

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Question 62:

The term 'investment' in macro means

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A Profit
B Total amount of money invested in bonds and stocks
C The total amount of capital goods in the country
D The production of goods for immediate consumption

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Question 63:

The following are economic agents in any economy EXCEPT

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A Central Bank
B House hold
C Firm
D Government

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Question 64:

One major criticism of foreign aid to developing countries is that it

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A Gives too much power and control to world bank
B Encourages growth in government bureaucracy
C Is capital using rather than capital saving
D Provides incentives for capital flight

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Question 65:

Public corporation is financed with

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A Capital raised from shareholders
B Tax payer's money
C Capital raised from stock exchange
D Capital contributed by owners

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