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Economics 2019 JAMB Past Questions

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31

The lands that belong to the community is referred to as__________

  • A. sacred land
  • B. individual land
  • C. communal land
  • D. rent land
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32

Among the disadvantages of the one-man business is the fact that______

  • A. its capital may not be increased without government permission
  • B. the proprietor is personally liable for the firm's debts
  • C. the proprietor is not able to obtain credit
  • D. the proprietor may not sue for bad debts
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33

The most reliable and acceptable index of economic growth is the__________

  • A. Wholesale Price Index
  • B. Consumer Price Index
  • C. National Income
  • D. Retailer's Price Index
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34

The release of a liquid petroleum hydrocarbon into the environment is_______

  • A. Oil glut
  • B. Oil spill
  • C. Oil shock
  • D. Oil wastage
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35

ECOWAS was formed for the purpose of________

  • A. promoting co-operation and integration
  • B. to facilitate the expansion of international trade
  • C. to provide insurance
  • D. to insure new investment
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