Factors of Production and their Theories - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

Which of the following is not a cause of unemployment_______

A. Poor education
B. Lack of skills
C. Good government planning
D. Corruption

Question 2:

• JAMB 2018

A retailer is distinguished by the nature of its sales, which is in___________

A. Bulk
B. Large
C. Units
D. Chain

Question 3:

• JAMB 2018

John an apprentice, engineer and amateur trumpet player, was earning ₦30 per week before accepting Full-time employment in a top orchestra, for which he now receives ₦150 per week. ₦120 of his current weekly earnings can be described as________

A. Marginal physical productivity
B. Marginal income productivity
C. Consumer's surplus
D. Economic rent

Question 4:

• JAMB 2018

The lands that belong to the community is referred to as__________

A. Sacred land
B. Individual land
C. Communal land
D. Rent land

Question 5:

• JAMB 2019

Factors affecting size of Labour Force include the following EXCEPT?

A. Level of technology
B. Retirement age
C. Government policies
D. Trade Union activities