Jamb Economics 2019 Past Questions and Answers

Question 81:

• JAMB 2019

An ad valorem tax is imposed on_____?

A. Exports
B. Imports
C. The Value of a Commodity
D. Special Commodities

Question 82:

• JAMB 2019

The labour force of a country is determined by the___________

A. Geographical distribution of the population
B. Age structure of the population
C. Number of people available for work
D. Sex distribution of the population

Question 83:

• JAMB 2019

The transfer of public share holding in corporations to private enterprise is___________?

A. Incorporation
B. Concession
C. Privatization
D. Commercialization

Question 84:

• JAMB 2019

An economy in which both the public and private sectors contribute to economic growth is a__________?

A. Socialist economy
B. Feudal economy
C. Mixed economy
D. Capitalist economy

Question 85:

• JAMB 2019

A capital market differs from the money market in that in the former ________?

A. The percentage of interest charged is more
B. Loan sought is long term
C. Loan repayment is guaranteed
D. Loan sought is short-term