Jamb Economics 2022 Past Questions and Answers

Question 71:

• JAMB 2022

The middlemen is responsible for

A. Providing research facilities
B. Purchasing raw materials
C. Designing the product
D. Breaking the bulk

Question 72:

• JAMB 2022

A major function of the retailer is to

A. Grant credit to the wholesaler
B. Break bulk and sell products in small units
C. Reduce cost of distribution
D. Generate demand for products through advertisement

Question 73:

• JAMB 2022

A positive effect of a rapid population increase is

A. An excessive budget deficit
B. A reduction in standard of living
C. A wider market for goods and services
D. A higher dependency ratio

Question 74:

• JAMB 2022

Which of the following factors may not affect the efficiency of labour?

A. Education and training
B. Provision of welfare service
C. Race and colour of workforce
D. Quality of other factor inputs

Question 75:

• JAMB 2022

The type of unemployment found among workers who leave their jobs in search of other jobs is termed

A. Seasonal unemployment
B. Structural unemployment
C. Frictional unemployment
D. Cyclical unemployment