Effects Of Public Expenditure Jamb Economics Past Questions
Question 1
An economy in which both the public and private sectors contribute to economic growth is as
- A. feudal economy
- B. capitalist economy
- C. socialist economy
- D. mixed economy
Question 2
Minimum wage legislation will result in
- A. reduced income
- B. greater supply labour
- C. reduced labour productivity
- D. greater demand for labour
Question 3
In order to reduce hardship faced by consumers due to high prices government can introduce
- A. maximum prices
- B. commodity boards
- C. minimum prices
- D. price control boards
Question 4
A budget deficit means
- A. That a country is buying more than is selling
- B. That a country is selling more than is buying
- C. That a government is spending more than in takes in taxation
- D. That a government is spending less than it takes in taxation
- E. That a government is spending as much as it takes in taxation
