Contemporary issues in economic systems - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 2017

One of the reasons why Nigeria is a mono-economy is because of her _______

A. Huge volume of petroleum activities in the country
B. Diversification system of economic activities
C. High demand for foreign commodities
D. High rate of unemployment

Question 3:

• 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 4:

• JAMB 2007

Foreign investment can be attracted to Nigeria through

A. A review of the tax policy
B. A review of interest rates
C. The revaluation of the naira
D. A review of the naturalization policy

Question 5:

• JAMB 2008

The deregulation of telecommunication services in Nigeria is a characteristic of

A. Command economy
B. Traditional economy
C. Market economy
D. Feudal economy