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Economics 1980 JAMB Past Questions

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16
Division of labour means?
  • A. the labour is divided into different section
  • B. the work is divided into different parts to be completed by each labour
  • C. production is completed by the different department of a factory
  • D. commodities are produced at different times by a single labourer
  • E. the labour force in the country is not united
View Answer & Discuss JAMB 1980
17
A limited liability company is owned by?
  • A. an individual
  • B. two or more partners
  • C. shareholders
  • D. government
  • E. a bank
View Answer & Discuss JAMB 1980
18
If the price of a commodity falls and the quantity purchased of it does not rise, the commodity can be described as
  • A. normal
  • B. abnormal
  • C. inferior
  • D. superior
  • E. scarce
View Answer & Discuss (5) JAMB 1980
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19
Mr.A earns N300 and pays N15 in tax. Mr. B earns N100 and pays N6 in tax. This tax system can be described as?
  • A. proportional tax
  • B. progressive tax
  • C. competitive tax
  • D. excise tax
  • E. regressive tax
View Answer & Discuss (23) JAMB 1980
20

Which sector can you say is growing fastest in the Nigeria economy?

  • A. Agriculture
  • B. Industry
  • C. Education
  • D. Transport
  • E. Labour
View Answer & Discuss (9) JAMB 1980
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