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

Question 111:

• JAMB 2020

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

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

Question 112:

• JAMB 2020

A major effect of a long distribution chain is

A. Scarcity of commodities
B. High retail
C. Low retails prices
D. Low producer earnings

Question 113:

• JAMB 2021

Which of the following sets fully represents factors of production?

A. Sunlight, machinery, man, land
B. Land, water, weather
C. Money, market, middlemen
D. Land, labour, capital, enterprise, technology

Question 114:

• JAMB 2021

Full employment is a situation in which ____________

A. Every adult is employed.
B. Only the disable are not employed.
C. All adults who can work are employed.
D. All those who are able and eligible can find employment