Economics Past Questions

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811

The shares that must be redeemed first at liquidation of a company are?

A. preference shares
B. non-voting ordinary shares
C. ordinary shares
D. debentures

View Answer & Discuss JAMB 1997

812

The suggestion that peasants in Africa have backward-bending supply curves of output implies that their response to an increase in the price of their crops will be to?

A. increase their output
B. decrease their output
C. keep their output constant
D. hoard their output

View Answer & Discuss (5) JAMB 1997

813

The most important requirement for increasing agriculture output in Nigeria is?

A. for the government to go into large scale farming
B. to employ relevant foreign technology and reform the land tenure system
C. to increase farmers'incomes and improve the farming techniques
D. to employ more extension workers

View Answer & Discuss JAMB 1997

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814

What is the effect of inelastic demand for agricultural products on the income of a farmer?

A. A price rise results in its fall
B. A price fall results in its fall
C. A price fall results in its rise
D. A price rise leaves the income unchanged

View Answer & Discuss (4) JAMB 1997

815

Plywood industries are often located near the source of?

A. finance
B. labour
C. power supply
D. raw materials

View Answer & Discuss JAMB 1997

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