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Economics 1983 JAMB Past Questions

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31
A major function of middlemen in Nigeria is the distribution of?
  • A. commodities to all consumers regardless of income
  • B. commodities to consuming centres and the collection of money income to producing centres
  • C. economic welfare to all
  • D. wealth to all
  • E. poverty within the society
View Answer & Discuss JAMB 1983
32
When a government owns enterprises, a number of advantage arise. Which of the following is NOT one of such advantages?
  • A. More capital is provided
  • B. Price policy may be the interest of consumers
  • C. Government workers may be indifferents towards the public
  • D. Infrasturcture are rapidly developed
  • E. income may be more evenly distributed
View Answer & Discuss JAMB 1983
33
Which of the following is NOT an advantage of localization of industries?
  • A. Reaping of external economies
  • B. Development of a pool or skilled labour for industry
  • C. Development of subsidiary industries
  • D. Development of organized markets
  • E. Growth of conurbations
View Answer & Discuss JAMB 1983
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34
The monetary system that requires double coincidence of want is known as?
  • A. the gold standard
  • B. barter
  • C. the commodity system
  • D. the gold exchange standard
  • E. the cheque system
View Answer & Discuss (1) JAMB 1983
35

The effect of emigration on a country's population, all other things remaining equal, is to

  • A. increase its size
  • B. cause overpopulation
  • C. increase its growth rate
  • D. reduce the proportion of children
  • E. reduce its size
View Answer & Discuss (2) JAMB 1983
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