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Economics Past Questions

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4056

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
View Answer & Discuss JAMB 2019
4057

Economics is a social science concerned with the proper use and______

  • A. production of goods and services
  • B. distribution of wealth
  • C. allocation of resources for growth
  • D. creation of utility
View Answer & Discuss JAMB 2019
4058

The determination of price by bargaining between buyers and sellers is________

  • A. Sales by Auction
  • B. Tender
  • C. Higgling and Haggling
  • D. Price Control
View Answer & Discuss JAMB 2019
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4059

An economy system that uses what is regarded as the "Market mechanism" is called_______

  • A. Mixed economy
  • B. Socialism
  • C. Command economy
  • D. Capitalism
View Answer & Discuss JAMB 2019
4060

The last link in the channel of distribution is____________

  • A. Producer
  • B. Retailer
  • C. Consumer
  • D. Wholesaler
View Answer & Discuss (1) JAMB 2019
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