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Economics Past Questions

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1086
To compare the standard of living among nations, the most widely used economic indicator is the
  • A. real gross national income
  • B. real domestic output
  • C. real per capita income
  • D. per capita nominal income
View Answer & Discuss JAMB 2003
1087
The major role of multi-national companies in the petroleum industry in Nigeria is
  • A. the establishment of refineries
  • B. oil marketing and prospecting
  • C. oil marketing only
  • D. oil prospecting only
View Answer & Discuss (1) JAMB 2003
1088
Two basic features common to an industry are
  • A. production processes and source of capital
  • B. source of capital and labour supply
  • C. similarity of products and source of raw materials
  • D. similarity of products and production processes
View Answer & Discuss (5) JAMB 2003
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1089
When a union is composed of workers with the same skill,it is termed
  • A. a technical union
  • B. a craft union
  • C. an industrial union
  • D. a workers' union
View Answer & Discuss (1) JAMB 2003
1090
The demand for labour is an example of
  • A. composite demand
  • B. joint demand
  • C. derived demand
  • D. competitive demand
View Answer & Discuss JAMB 2003
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