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Economics 2023 JAMB Past Questions

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36

One major criticism of foreign aid to developing countries is that it

  • A. Gives too much power and control to world bank
  • B. Encourages growth in government bureaucracy
  • C. Is capital using rather than capital saving
  • D. Provides incentives for capital flight
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37

Public corporation is financed with

  • A. Capital raised from shareholders
  • B. Tax payer's money
  • C. Capital raised from stock exchange
  • D. Capital contributed by owners
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38

The type of price elasticity of demand for a commodity whose quantity demanded remain unchanged despite changes in the price is

  • A. Perfectly elastic
  • B. Infinitely elastic
  • C. Inelastic
  • D. Perfectly inelastic
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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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39

An increase in total production (real GDP) causes the demand for money to ______and the interest rate to _________

  • A. Increase; decrease
  • B. Decrease; decrease
  • C. Increase; increase
  • D. Decrease; increase
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40

Part-time workers who desire full-time employment are:

  • A. Underemployed and contribute to the unemployment statistic
  • B. Underemployed but do not contribute to the unemployment statistic
  • C. Not part of the labour force and do not contribute to the unemployment statistic
  • D. Cyclical unemployment
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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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