Economics 2001 JAMB Past Questions

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The distribution channel that contributes most to the cost of production is?

A. producer-wholesaler-consumer
B. producer-retailer-consumer
C. producer-retailer-wholesaler-consumer
D. producer-wholesaler-retailer-consumer

View Answer & Discuss (2) JAMB 2001

Money may not be accepted as a store of value if?

A. its value is unstable
B. it is easily transferable
C. its value is stable
D. it is easily divisible

View Answer & Discuss (1) JAMB 2001

In order to accelerate economic development, a country must?

A. stimulate her population growth rate
B. pursue a high population growth rate
C. pursue a rational population policy
D. pursue an incremental population policy

View Answer & Discuss JAMB 2001

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If the labour force in a given community is 2,000,000, in the wage employment 200,000 and the unemployed are 80,000, what is the unemployment rate in the community?

A. 0.4%
B. 40.0%
C. 10.0%
D. 4.0%

View Answer & Discuss (10) JAMB 2001

GNP is not a good measure of social welfare because there are unrecorded?

A. indirect taxes
B. social costs
C. government subsidies
D. transfer payments

View Answer & Discuss JAMB 2001

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Economics 2001 JAMB Past Questions

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