Jamb Economics 2017 Past Questions and Answers

Question 36:

• JAMB 2017

Which of the following is not a function of the money market?

A. Provision of finance
B. Enhance loan savings
C. Creation of long term
D. Provision of finance

Question 37:

• JAMB 2017

The population theory that is concerned with the cases of over population and shortage of food production is ______

A. Population density
B. Malthusian population theory
C. National population theory
D. Demographical transition theory

Question 38:

• JAMB 2017

The basic aim of Economic Community of West African States is the

A. Discouragement of trade among member states
B. Encouragement of revolts against former colonial masters
C. Establishment of its headquarters in each members state
D. Liberalization of trade among member states

Question 39:

• JAMB 2017

The production within domestic territory of a country is called the _____

A. Net national product
B. Gross domestic product
C. Net income
D. Disposable income

Question 40:

• JAMB 2017

Excess supply over demand will place a price advantage on _____

A. Government
B. Foreign investors
C. Suppliers
D. Consumers