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Economics 2017 JAMB Past Questions

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1
A firm owned and managed by a family is an example of ______?
  • A. joint stock exchange
  • B. cooperative society
  • C. sole proprietorship
  • D. partnership
View Answer & Discuss (3) JAMB 2017
2

Which modal of the factor is inelastic?

  • A. Wages
  • B. capital
  • C. labour
  • D. land
View Answer & Discuss (1) JAMB 2017
3
Which of the following budgets will increase government expenditure?
  • A. zero base budget
  • B. surplus budget
  • C. deficit budget
  • D. balanced policy
View Answer & Discuss JAMB 2017
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4
The economic questions about what and how to produce in an economy is solely answered by the _______?
  • A. government
  • B. labour union
  • C. private and public enterpriser
  • D. system of economy practised
View Answer & Discuss JAMB 2017
5
The following are Methods of measuring National Income of a country EXCEPT; ?
  • A. Expenditure method
  • B. Consumption method
  • C. Input Method
  • D. Output method
View Answer & Discuss JAMB 2017
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