Jamb Economics Past Questions For Year 1997
Question 31
One of the dangers of the localization of industries is?
- A. residual employment
- B. mass unemployment
- C. structural unemployment
- D. cyclical unemployment
Question 32
A firm is said to have benefited from external economies in production if it has realized?
- A. a more efficient management of resources
- B. a better combination of factors of production
- C. reduced resources costs due to operation of other firms
- D. a higher profit level due to increased sales
Question 33
The use of legally permissible means to reduce tax liabilities is known as tax?
- A. evasion
- B. avoidance
- C. reliefs
- D. exemption
Question 34
Stock and shares as well as bonds are examples of instruments used in the?
- A. commodity markets
- B. money markets
- C. capital markets
- D. security markets
Question 35
Banks can create more money by?
- A. increasing its cash ratio with the Central Bank
- B. issuing more banks cheques
- C. accepting more deposits from customers
- D. lending out money from customers deposits
