Types Features And Rewards Of Factors Of Production - Economics Jamb Past Questions and Answers

Question 6 :

• JAMB 2019

The money paid per hour for work done is_________

A. Cost
B. Salary
C. Bonus
D. Wage rate

Question 7 :

• JAMB 2019

The factor of production that has the highest degree of mobility is__________?

A. Entrepreneurship
B. Land
C. Labour
D. Capital

Question 8 :

• JAMB 2017

Which modal of the factor is inelastic?

A. Wages
B. Capital
C. Labour
D. Land

Question 9 :

• JAMB 2015

Which of the following are examples of transfer payment

A. Gift and donations
B. Rents and rates
C. Profit and dividends
D. Internal and external debts

Question 10 :

• JAMB 1979

Which of the following type of capital is not rewarded by means of dividends?

A. Ordinary shares
B. Preference shares
C. Cummulative shares
D. Participating preference shares
E. Debentures