Jamb Economics 2003 Past Questions and Answers

Question 36:

• JAMB 2003

Two basic features common to an industry are

A. Production processes and source of capital
B. Source of capital and labour supply
C. Similarity of products and source of raw materials
D. Similarity of products and production processes

Question 37:

• JAMB 2003

When a union is composed of workers with the same skill,it is termed

A. A technical union
B. A craft union
C. An industrial union
D. A workers' union

Question 38:

• JAMB 2003

The demand for labour is an example of

A. Composite demand
B. Joint demand
C. Derived demand
D. Competitive demand

Question 39:

• JAMB 2003

Occupational mobility as applied to factors of production means the ease by which

A. Factors can be transferred from one form of use to another
B. Resources can be transferred from one place to another
C. Resources can be transformed from one form to another
D. Factors can be transferred from one place to another

Question 40:

• JAMB 2003

An adverse environmental impact of the petroleum industry on the economy is

A. Communal riots
B. The vandalization of oil equipment
C. Oil spillage
D. Community development