Economics Past Questions and Answers

Question 4766:

• JAMB 2023

The following are economic agents in any economy EXCEPT

A. Central Bank
B. House hold
C. Firm
D. Government

Question 4767:

• JAMB 2023

One major criticism of foreign aid to developing countries is that it

A. Gives too much power and control to world bank
B. Encourages growth in government bureaucracy
C. Is capital using rather than capital saving
D. Provides incentives for capital flight

Question 4768:

• JAMB 2023

Public corporation is financed with

A. Capital raised from shareholders
B. Tax payer's money
C. Capital raised from stock exchange
D. Capital contributed by owners

Question 4769:

• JAMB 2023

The type of price elasticity of demand for a commodity whose quantity demanded remain unchanged despite changes in the price is

A. Perfectly elastic
B. Infinitely elastic
C. Inelastic
D. Perfectly inelastic

Question 4770:

• JAMB 2023

An increase in total production (real GDP) causes the demand for money to ______and the interest rate to _________

A. Increase; decrease
B. Decrease; decrease
C. Increase; increase
D. Decrease; increase