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Economics 2017 JAMB Past Questions

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26
The modal value of 3, 8, 4, 6, 3, 5, 2, 7, 3 and 5 is
  • A. 6
  • B. 3
  • C. 4
  • D. 5
View Answer & Discuss JAMB 2017
27
One of the major causes of farmers' unstable income in Nigeria is _________
  • A. the effect of diseases and pests
  • B. industrial pollution
  • C. mining and extraction activities
  • D. population growth
View Answer & Discuss JAMB 2017
28
Which of the following source of income is spectacular only to Government ?
  • A. Payment from business transfer
  • B. Bonuses
  • C. Tax
  • D. Wages
View Answer & Discuss (2) JAMB 2017
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29
When the government fix the price of essential commodities, this is referred to as:
  • A. Price equilibrium
  • B. Price control
  • C. Demanded price
  • D. Asking price
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30
One of the functions of the price system is that it
  • A. encourages high volume of production
  • B. dictates what the citizens will consume
  • C. discourages the consumption of harmful goods
  • D. regulates production and consumption
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