Capitalism - Jamb Government Past Questions and Answers

Question 6:

• JAMB 1986

According to Marxist theory, those who live by selling their labour are referred to as the

A. Bourgeoisie
B. Proletariats
C. Feudal lords
D. Slaves

Question 7:

• JAMB 1988

Which of the following encourages capitalism?

A. Public ownership of all forms of enterprise
B. Even distribution of wealth
C. Private ownership of the means of production
D. Centrally planned economy

Question 8:

• JAMB 1989

Which of the following according to Marx, is the correct order in which societies progress?

A. Capitalism, feudalism, communism, socialism
B. Feudalism, socialism, capitalism,communism
C. Communism,socialism, capitalism, feudalism
D. Feudalism, capitalism, socialism , communism

Question 9:

• JAMB 1990

Capitalism is an economic system which emphasizes

A. Communalism
B. Collectivism
C. Individualism
D. Internationalism

Question 10:

• JAMB 1990

Capitalism is an economic system which emphasizes

A. Communalism
B. Collectivism
C. Individualism
D. Internationalism