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Economics 1987 JAMB Past Questions

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26
Which of the following is a disadvantage of regional concentration of industries?
  • A. Development of congested urban areas
  • B. Existence of regional unempolyment
  • C. High cost of labour
  • D. Immobility of labour
View Answer & Discuss (1) JAMB 1987
27
A limited liability company is usually owned by?
  • A. an individual
  • B. a government
  • C. shareholders
  • D. two or more partners
View Answer & Discuss JAMB 1987
28
Money market differs from capital market in that it?
  • A. deals with short-term loans while capital market deals with long-term funds
  • B. deals with money only while capital market deals with capital as well
  • C. is limited in scope while capital market is not
  • D. uses interest rate while capital does not
View Answer & Discuss JAMB 1987
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29
The main reason for charging interest is to?
  • A. reward enterpreneurial effort
  • B. redistribute profits
  • C. reward investors for present use of profits
  • D. mobilize more funds for development
View Answer & Discuss (1) JAMB 1987
30
In the keynesian model?
  • A. the demand for money is inversely related to the rate of interest
  • B. investment is directly related to the rate of interest
  • C. investment is not related to the rate of interest to the rate of interest
  • D. the demand for money is directly related to the rate of interest
View Answer & Discuss (7) JAMB 1987
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