Jamb Economics Past Questions and Answers

Question 2171:

• JAMB 2020

Plywood industries are often located near the source of?

A. Finance
B. Labour
C. Power supply
D. Raw materials

Question 2172:

• JAMB 2020

When a country's population is experiencing increasing returns, that country is said to be?

A. Overpopulated
B. Economically poor
C. Over-producing goods and services
D. Under-populated

Question 2173:

• JAMB 2020

The most important attribute of money is?

A. Homogeneity
B. Relative scarcity
C. Divisibility
D. General acceptance

Question 2174:

• JAMB 2020

The use of legally permissible means to reduce tax liabilities is known as tax?

A. Evasion
B. Avoidance
C. Relief
D. Exemption

Question 2175:

• JAMB 2020

The Economic Commission for Africa was set up by the?

A. UNO
B. ECOWAS
C. OAU
D. IMF