Jamb Economics Past Questions
Question 16
Which of the following is likely to be inflationary
- A. taxes increase
- B. increase in unemployment
- C. budget surplus
- D. wages increase
Question 17
Which of the following rewards is associated with entrepreneurship
- A. salaries
- B. profits
- C. interest
- D. rent
Question 18
The problem of conducting census include
- A. high rate of rural-urban migration
- B. poor geographical distribution of population
- C. high birth rate in the country
- D. poor town planning in urban areas
Question 19
A situation in which a commodity is sold abroad below its cost of production in the home country is known as?
- A. dumping
- B. counter trade
- C. bilateral trade
- D. trade liberalization
Question 20
Firms are often set up close to each other in order to take advantage of?
- A. supply of skilled labour
- B. agglomeration economies
- C. internal economies of scale
- D. external economies of scale
