Types Features And Rewards Of Factors Of Production - Economics Jamb Past Questions and Answers

Question 31 :

• JAMB 2001

The distribution channel that contributes most to the cost of production is?

A. Producer-wholesaler-consumer
B. Producer-retailer-consumer
C. Producer-retailer-wholesaler-consumer
D. Producer-wholesaler-retailer-consumer

Question 32 :

• JAMB 2002

The middlemen in the chain of distribution are?

A. Manufacturers and consumers
B. Wholesalers and retailers
C. Consumers and wholesalers
D. Retailers and consumers

Question 33 :

• JAMB 2004

The final stage in the production process of any commodity involves its movement from the

A. Retailer to the wholesaler
B. Producer to the wholesaler
C. Retailer to the consumer
D. Wholesaler to the retailer

Question 34 :

• JAMB 2006

The only factor of production that plays an active role in the production process is

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

Question 35 :

• JAMB 2020

Which of the following rewards is associated with entrepreneurship

A. Salaries
B. Profits
C. Interest
D. Rent