Economic Systems - Jamb Economics Past Questions and Answers

Question 41:

• JAMB 2001

The capital market is a market for trading of financial assets such as?

A. Bankers' acceptances
B. Treasury bills
C. Long-term securities
D. Commercial papers

Question 42:

• JAMB 2002

In a centrally planned economy, the economic problem of deciding what to produce is dependent on?

A. Average profit
B. State command
C. Average cost
D. Relative prices

Question 43:

• JAMB 2002

The economic policy of deregulation is aimed at encouraging?

A. A monopolistic market structure
B. A duopolistic market structure
C. A competitive market structure
D. An oligopolistic market structure

Question 44:

• JAMB 2003

In a planned economy, the emphasis is on

A. Public ownership and control
B. Prices and competition
C. Individual choices and decisions
D. Private ownership and control

Question 45:

• JAMB 2004

A major characteristic of a mixed economy is that

A. Economic decisions are made by both the rich and the poor
B. Both primary and secondary production are undertaken
C. The federal and the state governments undertaken joint projects
D. Economic activities are undertaken by both the public and private sectors