Jamb Economics 2016 Past Questions and Answers

Question 16:

• JAMB 2016

In Nigeria, most agricultural policies are aimed at______?

A. Ensuring equitable distribution of income
B. Liberalizing all sectors of the nation's economy
C. Encouraging the development of manufacturing sector
D. Achieving self-sufficiency in food production

Question 17:

• JAMB 2016

One major problem encountered by ECOWAS is_______?

A. Conflict of interest among members
B. Increasing population
C. Weakness in the trade relationship
D. Language barrier

Question 18:

• JAMB 2016

One of the characteristics of private enterprises is ______?

A. Provision of welfare to the citizens
B. That tax payers bear all the risks
C. Public ownership of shares
D. Individual funding of business activities

Question 19:

• JAMB 2016

The concept of marginal utility indicates the relationship between utility and _________?

A. Price
B. Satisfaction
C. Cost
D. Revenue

Question 20:

• JAMB 2016

In Nigeria, unemployment can be minimized through______?

A. Diversification of the economy
B. Strict immigration law
C. Paying unemployment benefits
D. Restrictive fiscal policy