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The passage below has gaps numbered 11 to 20. Immediately following each gap, four options are provided. Choose the most appropriate option for each gap.

  Capitalism is an economic system which is founded on the principle of free enterprise and the private ownership of the means of production and distribution. The - 11 – [A. protagonists B. antagonists C. determiners D. attorneys] of capitalism claim that its essential characteristic is economic - 12- [A. exploitation B. manipulation C. manoeuvring D. freedom]. The producer is free to produce whatever goods he – 13 - [A. sells B. buys C. fancies D. manufactures]. but the - 14 – [ A. customer B. consumer C. controller D. marketer]. is equally free to buy what he wants. There is a market mechanism under this system, which brings the producer and consumer together and tends to equate the supplies of the one to the demands of the other, and -15 – [A. neutralize B. harmonize C. settle D. decide] the whims and caprice of both. It is this same - 16 – [A. market B. controlling C. operational D. production] mechanism which determines what prices the consumers pay to the producers, as what share of the total - 17- [ A. dividends B. interest C. output D. profit], in cash or kind, goes to each of the four recognized -18 – [ A. managers B. agents C. methods D. factors] of production – land, labour capital and organization. It is further claimed for this system that every person is capable of watching his or her own interest, and that whatever injustice is done by the - 19 – [A. pricing B. operations C. managers D. buyers and sellers] of the market mechanism, this mechanism tends to bring about a state of - 20 – [ A. conflict B. equidistance C. equilibrium D. opprobrium] between the producers and the consumers.

2801
In question numbered 17 above, choose the best option from letters A - D that best completes the gap.
  • A. dividends
  • B. interest
  • C. output
  • D. profit
View Answer & Discuss JAMB 2004
2802
In question numbered 18 above, choose the best option from letters A - D that best completes the gap.
  • A. managers
  • B. agents
  • C. methods
  • D. factors
View Answer & Discuss (1) JAMB 2004
2803
In question numbered 19 above, choose the best option from letters A - D that best completes the gap.
  • A. pricing
  • B. operations
  • C. managers
  • D. buyers and sellers
View Answer & Discuss JAMB 2004
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2804
In question numbered 20 above, choose the best option from letters A - D that best completes the gap.
  • A. conflict
  • B. equidistance
  • C. equilibrium
  • D. opprobrium
View Answer & Discuss JAMB 2004

  read each passage and answer the question that follow
The great herald of things to come was Ezekiel, not only in the sense that he predicted the future, but also became in the manner and content of his prophetic ministry, he foreshadowed many of the important religious developments, which were characteristics of the age after the Exile.

He, rather than Ezra, was the founder of Judaism. He not only pointed forward; but as well shall see, he represented some of the great elements in Israel’s religious past.
The book which bears his name is outwardly impressive in its orderliness and symmetry and in the careful chronologic al arrangement of its contents. It purports to present the record of prophecies uttered in the Babylonian Exile between 593 and 571 B.C and for long this was not seriously questioned. Even when other prophetic books have been dissected and assigned to sundry authors and editors, this book continued to be regarded by most scholars as having come into its entirety from Ezekiel. Then came a period in which many extreme theories were advanced , assigning much of it to other hands or presupposing complicated processes of editorial revision, or dating the book to a period much later than the Babylonian Exile, or maintaining that Ezekiel’s ministry was not exercised in Babylonia but in Palestine, or at least was begun there. Such theories have been subjected to damaging criticism and are now somewhat discredited. The account of Ezekiel’s ministry and teaching is based on the view that he lived and worked among the exile in Babylonia, at the period indicated, and the bulk of the material in the book comes from him, though, like other prophetic collections, it owes much in its complication, arrangement and transmission to prophetic disciple

2805

The account of Ezikiel's Ministry was

  • A. compiled with the collaboration of others
  • B. his and his alone
  • C. shared by many writers
  • D. partly composed by him and partly by Ezra
  • E. produced as a result of God's Inspiration
View Answer & Discuss (1) JAMB 1980
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