Jamb Economics Past Questions and Answers

Question 26:

• JAMB 2019

A form of tax that is mildly progressive and regressive is_______

A. Proportional tax
B. Progressive tax
C. Regressive tax
D. Digressive tax

Question 27:

• JAMB 2019

Industrialization is the process of___________

A. Concentrating a firm in a place
B. Transforming as economy based on extractive to manufacturing
C. Transferring a government industry to individual
D. Transforming finished goods into semi-finished goods

Question 28:

• JAMB 2019

One of these is not a way by which government encourage industrialization?

A. Protection of Infant industries
B. Establishment of Nigeria Enterprises Promotion Decree
C. Low Productivity and inefficiency
D. Establishment of higher institutions

Question 29:

• JAMB 2018

The purchasing power of money depends upon the__________

A. Value
B. Index
C. Price Level
D. Wages

Question 30:

• JAMB 2018

A retailer is distinguished by the nature of its sales, which is in___________

A. Bulk
B. Large
C. Units
D. Chain