2001 - JAMB Economics Past Questions and Answers - page 3
21
The efficiency of labour can be increased by?
A
constant training of workers
B
retirement of workers on a regular basis
C
engaging expatrirates only
D
placing an embargo on recruitment
correct option: a
Users' Answers & Comments22
In Nigeria, revenue sharing from the federation Account is between the?
A
executive, the judiciary and the legislature
B
federal and state governments and the parastatals
C
federal and state governments and the senate
D
federal, state and local governments
correct option: d
Users' Answers & Comments23
The reduction of high fertility rate is a measure in population control designed to make the?
A
female population higher than the male
B
female and male population equal
C
male population higher than the female
D
growth in population more sustainable
correct option: d
Users' Answers & Comments24
National debts is an expected outcome of?
A
deficit budget
B
consolidation budget
C
balanced budget
D
surplus budget
correct option: a
Users' Answers & Comments25
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
correct option: d
Users' Answers & Comments26
Money may not be accepted as a store of value if?
A
its value is unstable
B
it is easily transferable
C
its value is stable
D
it is easily divisible
correct option: a
Users' Answers & Comments27
In order to accelerate economic development, a country must?
A
stimulate her population growth rate
B
pursue a high population growth rate
C
pursue a rational population policy
D
pursue an incremental population policy
correct option: c
Users' Answers & Comments28
If the labour force in a given community is 2,000,000, in the wage employment 200,000 and the unemployed are 80,000, what is the unemployment rate in the community?
A
0.4%
B
40.0%
C
10.0%
D
4.0%
correct option: b
Users' Answers & Comments29
GNP is not a good measure of social welfare because there are unrecorded?
A
indirect taxes
B
social costs
C
government subsidies
D
transfer payments
correct option: d
Users' Answers & Comments30
The loans from the World Bank to developing countries are mainly to support?
A
the establishment of more universities
B
capital-intensive technology
C
infrastructural investments
D
their low level of consumption
correct option: c
Users' Answers & Comments