Jamb Economics 2021 Past Questions and Answers

Question 31:

• JAMB 2021

Full employment is a situation in which ____________

A. Every adult is employed.
B. Only the disable are not employed.
C. All adults who can work are employed.
D. All those who are able and eligible can find employment

Question 32:

• JAMB 2021

Mono production economies are those that ____________

A. Produce one main commodities
B. Have a rich cultural heritage.
C. Specialize in agricultural industries.
D. Produce only raw materials.

Question 33:

• JAMB 2021

Mono production economies are those that ____________

A. Produce one main commodities
B. Have a rich cultural heritage.
C. Specialize in agricultural industries.
D. Produce only raw materials.

Question 34:

• JAMB 2021

Petroleum 'glut' in international trade means ____________

A. Higher prices for the Consumption of petroleum.
B. An Oversupply of petroleum.
C. A fall in in petroleum production.
D. A higher petroleum price offered by the buyer.

Question 35:

• JAMB 2021

Retailers in an economy perform the function of ____________

A. Distribution.
B. Exchange
C. Investment
D. Production