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Economics 2017 JAMB Past Questions

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36
Cost - push inflation occurs when_______
  • A. production cost is high
  • B. government embarks on deficits financing
  • C. factors decrease
  • D. there is too much in circulation
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37
The basic principle of cooperative societies is to ________
  • A. maintain the integrity of their members
  • B. protect the interest and pursue the welfare of members
  • C. ensure better working conditions for members
  • D. provide voluntary services to the members
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38
From the table above, the average product of the 3rd unit of labour is
  • A. 50
  • B. 70
  • C. 350
  • D. 150
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39
Which of the following institutions does not operate in the money market?
  • A. central bank
  • B. mortgage banks
  • C. money deposit banks
  • D. insurance companies
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40
Other products gotten from Petroleum include the following EXCEPT:
  • A. Rubber
  • B. fuel
  • C. paints
  • D. insecticides
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