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3431

Which of the following is not an indicator of economic growth?

  • A. CPI
  • B. PPI
  • C. GDP
  • D. High Level of Unemployment
View Answer & Discuss (4) JAMB 2017
3432
One of the unique features that distinguishes the perfect and imperfect market condition is _________
  • A. profit motive principles
  • B. absence of price control board
  • C. price determines production and distribution
  • D. number of sellers and buyers
View Answer & Discuss (2) JAMB 2017
3433
In economics, the “how” or input question refers to:
  • A. The problem of allocating scarce resources among competing uses
  • B. The way in which factors of production may be combined to produce output
  • C. The way in which a firm decides on its profit maximising rate of output
  • D. The problem of how output is distributed among individuals and groups in society.
View Answer & Discuss JAMB 2017
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3434
The modal value of 3, 8, 4, 6, 3, 5, 2, 7, 3 and 5 is
  • A. 6
  • B. 3
  • C. 4
  • D. 5
View Answer & Discuss JAMB 2017
3435
One of the major causes of farmers' unstable income in Nigeria is _________
  • A. the effect of diseases and pests
  • B. industrial pollution
  • C. mining and extraction activities
  • D. population growth
View Answer & Discuss JAMB 2017
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