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

Question 1 :

• JAMB 2018

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

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

Question 2 :

• JAMB 2019

The reward for capital is___________

A. Interest
B. Rent
C. Risk
D. Premium

Question 3 :

• JAMB 2019

The following are types of capital except:___________

A. Current capital
B. Saving capital
C. Working capital
D. Social capital

Question 4 :

• JAMB 2019

Efficiency of labour in a country is determined by the following except the____________

A. Social attitude to work
B. Education and training
C. Total population
D. Working conditions of workers

Question 5 :

• JAMB 2019

As a factor of production, the reward for land is?

A. Profit
B. Interest
C. Rent
D. Wage