Jamb Economics Past Questions and Answers

Question 2166:

• JAMB 2020

A situation in which a commodity is sold abroad below its cost of production in the home country is known as?

A. Dumping
B. Counter trade
C. Bilateral trade
D. Trade liberalization

Question 2167:

• JAMB 2020

The problem of conducting census include

A. High rate of rural-urban migration
B. Poor geographical distribution of population
C. High birth rate in the country
D. Poor town planning in urban areas

Question 2168:

• JAMB 2020

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

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

Question 2169:

• JAMB 2020

In recent times, agriculture in Nigeria tends to lose its vital labour force as a result of?

A. Lack of an effective agricultural policy
B. Employment opportunities in the agricultural sector
C. Rural-urban drift
D. Low prices of agricultural products

Question 2170:

• JAMB 2020

The most important goal of OPEC is to?

A. Present a united front for the purpose of raise prices of crude oil
B. Bring unity among the petroleum exporting countries
C. Ensure political stability among member states
D. Ensure that rules on quota production are strictly followed