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

Question 6:

• JAMB 2019

The reward for capital is___________

A. Interest
B. Rent
C. Risk
D. Premium

Question 7:

• JAMB 2019

The following are types of capital except:___________

A. Current capital
B. Saving capital
C. Working capital
D. Social capital

Question 8:

• JAMB 2019

Efficiency of labour in a country is determined by the following except the____________

A. Social attitude to work
B. Education and training
C. Total population
D. Working conditions of workers

Question 9:

• JAMB 2019

The number of people who are qualified to work and who offer themselves for employment is called____________?

A. Migrant labour
B. Working population
C. Labor turnover
D. Mobility of Labour

Question 10:

• JAMB 2019

As a factor of production, the reward for land is?

A. Profit
B. Interest
C. Rent
D. Wage