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Economics 2018 JAMB Past Questions

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71

Human wants are insatiable because wants are____________

  • A. Limited while means are scarce
  • B. Unlimited and means are also unlimited
  • C. Limited and means are also limited
  • D. Unlimited while means are scarce.
View Answer & Discuss JAMB 2018
72

Mortgage banks give loans to investors on a long term basics to_____________

  • A. Finance agriculture
  • B. establish banks
  • C. acquire machinery
  • D. build houses
View Answer & Discuss JAMB 2018
73

The form of capital that is required for the day-to-day running of production activities is called?

  • A. Fixed capital
  • B. Social Capital
  • C. Circulating capital
  • D. Liquid capital
View Answer & Discuss (3) JAMB 2018
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74

Which of the following business organization is allowed to raise capital by sales of shares to more than twenty people?

  • A. Partnership
  • B. Sole proprietorship
  • C. Public limited liability company
  • D. Private limited liability company
View Answer & Discuss (1) JAMB 2018
75

Utility is the satisfaction derived from____________

  • A. Production
  • B. Distribution
  • C. Consumption
  • D. Demand
View Answer & Discuss (7) JAMB 2018
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