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Economics 2003 JAMB Past Questions

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46
The best method of production in an under populated country is
  • A. Labour-extensive
  • B. Land-intensive
  • C. Capital-intensive
  • D. Labour-intensive
View Answer & Discuss (4) JAMB 2003
47
The commercial banks differ from non-bank financial institutions because they
  • A. Accept deposits withdrawable by cheque
  • B. Mobilize savings
  • C. Invest surplus funds
  • D. Contribute to economic development
View Answer & Discuss JAMB 2003
48
The theory of comparative advantage states that a commodity should be produced in that nation where the
  • A. Absolute cost is least
  • B. Absolute money cost is least
  • C. Opportunity cost is least
  • D. Production possibility curve increases
View Answer & Discuss JAMB 2003
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