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Economics 2010 JAMB Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
41

The primary motive for an individual engaging in production is to

  • A. make profit
  • B. satisfy basic human wants
  • C. redistribute wealth
  • D. put inputs into use
View Answer & Discuss (3) JAMB 2010
42

If Nigeria imports vehicles from Japan the transaction will appear as a

  • A. debit on Japan's balance of payments
  • B. credit on Japan's balance of payments
  • C. credit on Nigeria's balance of trade
  • D. credit on Nigeria's balance of payment
View Answer & Discuss (4) JAMB 2010
43

One of the objectives of ADB is to

  • A. provide subsidies on imported goods to member countries
  • B. mobilize short-term loans for member countries
  • C. promote economic and social development of member countries
  • D. provide technical assistance to only poor member countries
View Answer & Discuss (2) JAMB 2010
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44

The choice of the method of production in an economy is determined by the

  • A. level of technical know-how
  • B. rate of propulation growth
  • C. availability of natural resources
  • D. level of income
View Answer & Discuss JAMB 2010
45

The amount of labour hired depends on the

  • A. number of skilled labour available
  • B. skill of labour
  • C. marginal productivity of labour
  • D. price of the inputs
View Answer & Discuss (2) JAMB 2010
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