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Economics 1989 JAMB Past Questions

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31
Government intervention in an economy is often justified on the group that?
  • A. wants are unlimited while resources are scarce
  • B. productivity is higher in the public than in the private sector
  • C. free market may not work, or produce desirable results
  • D. opportunity cost of government expenditure is zero
View Answer & Discuss (4) JAMB 1989
32
The three groups of government revenue are?
  • A. investment income, direct tax and indirect tax
  • B. imports duties, excise tax and export duties
  • C. company tax, personal income tax and import duties
  • D. company tax, import duties and excise tax
View Answer & Discuss JAMB 1989
33
The main objectives of public expenditure does NOT include?
  • A. stabilization of national economy
  • B. achievement of a more equitable income distribution
  • C. meeting the social needs of the people
  • D. revenue sharing and profit maximizationn
View Answer & Discuss JAMB 1989
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34

A perfect example of a public good is?

  • A. air
  • B. education
  • C. water
  • D. transport
View Answer & Discuss (4) JAMB 1989
35
A balance budget is defined as a condition of?
  • A. balance of payments equilibrium
  • B. equality of planned aggregate demand supply
  • C. equality of planned receipts and planned expenditure
  • D. equality of planned exports and planned imports
View Answer & Discuss (1) JAMB 1989
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