JAMB Economics Past Questions & Answers - Page 224

1,116.

The final stage in the production process of any commodity involves its movement from the

A.

Retailer to the wholesaler

B.

Producer to the wholesaler

C.

Retailer to the consumer

D.

Wholesaler to the retailer

Correct answer is C

No explanation has been provided for this answer.

1,117.

One of the causes of the present high rate of inflation in Nigeria is

A.

Increasing budget surplus

B.

Increasing factor costs

C.

Exchange rate appreciation

D.

High capacity utilization

Correct answer is C

No explanation has been provided for this answer.

1,118.

The difference between payments and receipts for visible trade is called

A.

Bilateral trade

B.

Current balance

C.

Balance of payments

D.

Balance of trade

Correct answer is D

No explanation has been provided for this answer.

1,119.

A major reason for having national development plans is to

A.

Ensure efficient use of available resources

B.

Involve people in national programmes

C.

Make government spend more on production

D.

Ensure that more citizens are involved in planning

Correct answer is A

No explanation has been provided for this answer.

1,120.

The number of shareholders in a private limited liability company ranges from

A.

Two to seven

B.

Two to three

C.

Two to fifty

D.

Two to twenty

Correct answer is C

No explanation has been provided for this answer.