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Economics 2021 JAMB Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
6

Full employment is a situation in which _______

  • A. Every adult is employed.
  • B. Only the disable are not employed.
  • C. All adults who can work are employed.
  • D. All those who are able and eligible can find employment
View Answer & Discuss JAMB 2021
7

Mono production economies are those that____

  • A. Produce one main commodities
  • B. Have a rich cultural heritage.
  • C. Specialize in agricultural industries.
  • D. Produce only raw materials.
View Answer & Discuss (1) JAMB 2021
8

Petroleum 'glut' in international trade means______

  • A. Higher prices for the Consumption of petroleum.
  • B. An Oversupply of petroleum.
  • C. A fall in in petroleum production.
  • D. A higher petroleum price offered by the buyer.
View Answer & Discuss (4) JAMB 2021
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9

Retailers in an economy perform the function of ______

  • A. Distribution.
  • B. Exchange
  • C. Investment
  • D. Production
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10

In a sole proprietorship, the decisions are made by the ______

  • A. Government
  • B. Management
  • C. Owner
  • D. Board of Directors
View Answer & Discuss JAMB 2021
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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