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3436
Which of the following source of income is spectacular only to Government ?
  • A. Payment from business transfer
  • B. Bonuses
  • C. Tax
  • D. Wages
View Answer & Discuss (2) JAMB 2017
3437
When the government fix the price of essential commodities, this is referred to as:
  • A. Price equilibrium
  • B. Price control
  • C. Demanded price
  • D. Asking price
View Answer & Discuss JAMB 2017
3438
One of the functions of the price system is that it
  • A. encourages high volume of production
  • B. dictates what the citizens will consume
  • C. discourages the consumption of harmful goods
  • D. regulates production and consumption
View Answer & Discuss JAMB 2017
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
3439
Which of the following is NOT illustrated by the production possibility curve
  • A. Risk
  • B. Scarcity
  • C. Opportunity cost
  • D. Allocative efficiency
View Answer & Discuss JAMB 2017
3440

Which of the following statement is TRUE about ECOWAS?

  • A. The aim of ECOWAS is to ensure economic stability
  • B. Bigger state in the community dominate the small state
  • C. Members of the ECOWAS community can form cartel and create monopolies
  • D. English is the only official language of ECOWAS
View Answer & Discuss (3) JAMB 2017
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts