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4676

Which of the following is NOT a feature of capitalism?

  • A. Free enterprise
  • B. private ownership of property
  • C. competition
  • D. detailed economics planning
View Answer & Discuss (2) JAMB 2024
4677

When an economy is having a balance of payment surplus the best alternative opened to it is to

  • A. devalue its currency
  • B. borrow from abroad
  • C. promote imports into the country
  • D. increase its foreign reserve
View Answer & Discuss (3) JAMB 2024
4678

One of the function of united nation conference on trade and development (UNTAD) is to

  • A. transfer technology from developed to less developed countries
  • B. increase share of less developed countries in world trade
  • C. increase impact of developed countries over less developed countries
  • D. make goods available in developed countries
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
4679

Wholesalers play an important in the distribution of goods and services because they

  • A. are located very close to consumers
  • B. pass information on from retailers to consumers
  • C. sell in small units to consumers
  • D. finance both producers and retailers
View Answer & Discuss (2) JAMB 2024
4680

Economics problems arise in all societies because

  • A. the services of economists are not employed
  • B. resource are not in adequate supply
  • C. there is no proper planning
  • D. resources are mismanaged by leaders
View Answer & Discuss JAMB 2024
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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