JAMB Economics Past Questions & Answers - Page 306

1,526.

On the basis of the contribution to employment, the most important economic sector in West African is

A.

Industry

B.

Agriculture

C.

Construction

D.

Commerce

Correct answer is B

No explanation has been provided for this answer.

1,527.

Wheat grows best in

A.

Tropical climate

B.

Temperate climate

C.

Equatorial climate

D.

Hot desert

Correct answer is B

No explanation has been provided for this answer.

1,528.

A modern corporation is owned by

A.

Debenture holders

B.

Ordinary shareholders

C.

Preference shareholders

D.

Creditors

Correct answer is B

No explanation has been provided for this answer.

1,529.

In the long run, a firm in a perfectly competitive market will make

A.

Normal profit

B.

Abnormal profit

C.

Marginal profit

D.

No profit

Correct answer is A

No explanation has been provided for this answer.

1,530.

A public liability company is different from a private limited company because it

A.

Is registered with the registrar of companies

B.

Is a legal entity

C.

Can raise capital of size by way of loans

D.

Can sell shares in the stock exchange

Correct answer is D

No explanation has been provided for this answer.