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Economics Past Questions

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726
Output restriction, fixing of prices, creating obstacles to free entry into the market are features of?
  • A. pure monopoly
  • B. perfect monopoly
  • C. perfect competition
  • D. monopsonist competition
View Answer & Discuss (1) JAMB 1994
727
A major shortcoming of the sole proprietorship form of business is lack of?
  • A. working capital
  • B. patronage
  • C. continuity
  • D. market
View Answer & Discuss (2) JAMB 1994
728
In the event of liquidation of a private limited liability company, the shareholders' liability is limited in their total?
  • A. income from all sources
  • B. family assets
  • C. collateral offered for bank loans
  • D. investment inthe company
View Answer & Discuss JAMB 1994
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729
The major factor that causes fluctuations in the supply of agricultural produce is?
  • A. high price
  • B. pests
  • C. weather variations
  • D. rural-urban migration
View Answer & Discuss JAMB 1994
730
The system of agriculture practice which involves hunting, gathering and growing of food crops for family consumption only is described as?
  • A. peasant agriculture
  • B. plantation agriculture
  • C. co-operative farming
  • D. subsistence farming
View Answer & Discuss (3) JAMB 1994
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