Question 156:

• JAMB 2019

The minimum number of share holders for joint stock companies is_______________

A. 4
B. 2
C. 7
D. 3

Question 157:

• JAMB 2019

If a demand curve that intersects a perfectly inelastic supply curve shift is rightward, then____________

A. Only the quantity will increase
B. The prices will remain constant
C. The equilibrium price and quantity will increase
D. Only the price will increase

Question 158:

• JAMB 2019

The basic economic problems of society include___________

A. Scarcity, for whom to produce and where
B. What to produce, how and for whom
C. Scarcity, when to produce and how
D. How to produce and sell

Question 159:

• JAMB 2019

In an open economy, the GNP is measured as_____________?

A. C + 1 + G(X-M)
B. C + 1 + G
C. C + 1 + G + X
D. C + 1 + G + M

Question 160:

• JAMB 2019

In a developing economy, productivity is measured by the____________

A. Output - labour ratio
B. Capital - output ratio
C. Output growth rate
D. Output per capital