Jamb Economics Past Questions and Answers

Question 1766:

• JAMB 2006

Choice involves opportunity cost because

A. Goods give different utilities
B. Available resources are inadequate
C. There are many goods to select from
D. Not all goods have the same price

Question 1767:

• JAMB 2006

A characteristic common to partnership and sole proprietorship is

A. Limited liability
B. Accessibility to loan
C. Transferability of shares
D. Unlimited laibility

Question 1768:

• JAMB 2006

Nigeria's exports usually comprise

A. Consumer goods
B. Capital goods
C. Intermediate goods
D. Primary goods

Question 1769:

• JAMB 2006

Economic growth can be accelerated through

A. Excess current consumption
B. Excess consumption over investment
C. Increased current consumption
D. Increased current investment

Question 1770:

• JAMB 2006

An association formed by a group of individuals solely for the marketing of their product is a

A. Credit and thrift society
B. Consumer cooperative society
C. Producer cooperative society
D. Voluntary organization