Jamb Economics Past Questions For Year 1988
Question 46
Collectivism refers to the system of management of state enterprises in a?
- A. mixed economy
- B. co-operative organization
- C. capitalist economic system
- D. socialist economy
Question 47
The most threatening problem for the less developed countries is?
- A. the continual depletion of their soil fertility
- B. the rise of nationalism
- C. population explosion
- D. their differences towards economic growth
Question 48
If technology becomes less capital-intensive, it means?
- A. an increase in the capital/labour ratio
- B. an increase in the capital/ratio
- C. a fall in the labour/capital ratio
- D. increased unemployment
Question 49
When a variable is associated with time period, it is?
- A. a flow
- B. a stock
- C. circular
- D. static
Question 50
An increase in an economy's productive capacity implies?
- A. an increase in the economy's rate of capital replacement
- B. an increase in the economy's capital stock
- C. a decrease in government spending
- D. an increase in government spending
