Jamb Economics Past Questions
Question 11
Collectivism refers to the management of state enterprises in a?
- A. mixed economy
- B. co-operative organizations
- C. capitalist economic system
- D. socialist economy
Question 12
The group of unemployed members of a community who are physically handicapped or disable, is generally classified under unemployment as?
- A. frictional
- B. cyclical
- C. residual
- D. hidden
Question 13
Fiduciary issue is that part of?
- A. the issue of notes backed entirely by gold
- B. a country's currency that is not negotiable
- C. the issue of notes not backed by gold
- D. a country's currency officially issued
Question 14
The relationship between tax rate and income which is relevant to a proportional tax is depicted by?
- A. curve Z and Y
- B. curve X
- C. curve Z
- D. curve Y
Question 15
The relationship between the tax rate and income which is relevant to progressive tax is shown by?
- A. curve X
- B. curve Y
- C. curve Z
- D. curve X and Z
