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Economics 2018 JAMB Past Questions

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36

An ad valorem tax is imposed on_____?

  • A. Exports
  • B. Imports
  • C. The Value of a Commodity
  • D. Special Commodities
View Answer & Discuss (3) JAMB 2018
37

The labour force of a country is determined by the___________

  • A. geographical distribution of the population
  • B. age structure of the population
  • C. number of people available for work
  • D. sex distribution of the population
View Answer & Discuss (7) JAMB 2018
38

The transfer of public share holding in corporations to private enterprise is___________?

  • A. Incorporation
  • B. Concession
  • C. Privatization
  • D. Commercialization
View Answer & Discuss JAMB 2018
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39

An economy in which both the public and private sectors contribute to economic growth is a__________?

  • A. socialist economy
  • B. feudal economy
  • C. mixed economy
  • D. capitalist economy
View Answer & Discuss JAMB 2018
40

A  capital market differs from the money market in that in the former ________?

  • A. The percentage of interest charged is more
  • B. Loan sought is long term
  • C. Loan repayment is guaranteed
  • D. Loan sought is short-term
View Answer & Discuss (3) JAMB 2018
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