Jamb Economics Past Questions and Answers

Question 96:

• JAMB 2019

Human wants are insatiable because wants are____________

A. Limited while means are scarce
B. Unlimited and means are also unlimited
C. Limited and means are also limited
D. Unlimited while means are scarce.

Question 97:

• JAMB 2019

Mortgage banks give loans to investors on a long term basics to_____________

A. Finance agriculture
B. Establish banks
C. Acquire machinery
D. Build houses

Question 98:

• JAMB 2019

The form of capital that is required for the day-to-day running of production activities is called?

A. Fixed capital
B. Social Capital
C. Circulating capital
D. Liquid capital

Question 99:

• JAMB 2019

Which of the following business organization is allowed to raise capital by sales of shares to more than twenty people?

A. Partnership
B. Sole proprietorship
C. Public limited liability company
D. Private limited liability company

Question 100:

• JAMB 2019

Utility is the satisfaction derived from____________

A. Production
B. Distribution
C. Consumption
D. Demand