Economic Systems - Jamb Economics Past Questions and Answers

Question 46:

• JAMB 2005

Economic freedom is a basic feature of economy

A. An industrialized economy
B. A planned economy
C. A developed economy
D. A market economy

Question 47:

• JAMB 2007

An economic system in which the producer and the consumer are the same is referred to as a

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

Question 48:

• JAMB 2007

An economic system in which the producer and the consumer are the same is referred to as a

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

Question 49:

• JAMB 2007

Foreign investment can be attracted to Nigeria through

A. A review of the tax policy
B. A review of interest rates
C. The revaluation of the naira
D. A review of the naturalization policy

Question 50:

• JAMB 2008

The deregulation of telecommunication services in Nigeria is a characteristic of

A. Command economy
B. Traditional economy
C. Market economy
D. Feudal economy