Economics 1997 JAMB Past Questions

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The best channel of distribution of baked bread is through?

A. wholesalers to retailers then to consumers
B. direct sales to consumers
C. wholesalers to consumers
D. retailers to consumers

View Answer & Discuss (2) JAMB 1997

A form of business organization which is characterized by limited authority and liability of individual owners is the?

A. sole proprietorship
B. partnership
C. joint stock company
D. co-operative society

View Answer & Discuss JAMB 1997

The shares that must be redeemed first at liquidation of a company are?

A. preference shares
B. non-voting ordinary shares
C. ordinary shares
D. debentures

View Answer & Discuss JAMB 1997

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The suggestion that peasants in Africa have backward-bending supply curves of output implies that their response to an increase in the price of their crops will be to?

A. increase their output
B. decrease their output
C. keep their output constant
D. hoard their output

View Answer & Discuss (5) JAMB 1997

The most important requirement for increasing agriculture output in Nigeria is?

A. for the government to go into large scale farming
B. to employ relevant foreign technology and reform the land tenure system
C. to increase farmers'incomes and improve the farming techniques
D. to employ more extension workers

View Answer & Discuss JAMB 1997

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Economics 1997 JAMB Past Questions

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