JAMB Economics Past Questions & Answers - Page 267

1,331.

Non-bank financial intermediaries do not

A.

Provide credit facilities

B.

Accept deposits

C.

Accept demand deposits

D.

Sell shares

Correct answer is C

No explanation has been provided for this answer.

1,332.

One of the major problems of product distribution in most developing countries is

A.

Lack of storage facilities

B.

Large number of middlemen

C.

Inadequate manpower

D.

Inadequate means of transportation

Correct answer is D

No explanation has been provided for this answer.

1,333.

The value of the multiplier depends on

A.

MPC and level of income

B.

Level of personal income

C.

Level of personal savings

D.

Government policy and MPC

Correct answer is D

No explanation has been provided for this answer.

1,334.

National income at factor cost means national income at

A.

Currentt prices

B.

Nominal prices

C.

Last year prices

D.

Base year prices

Correct answer is A

No explanation has been provided for this answer.

1,335.

When a worker earns more than the wage just sufficient to keep him in his job, the excess income is called?

A.

An opportunity cost

B.

An economic rent

C.

Transfer earnings

D.

Surplus value

Correct answer is B

No explanation has been provided for this answer.