JAMB Economics Past Questions & Answers - Page 363

1,811.

A corporation can obtain funds by issuing bonds. A bond is a form of debt which falls due to repayment after

A.

6 months

B.

9 months

C.

2 years

D.

5 years

E.

10 or more years

Correct answer is E

No explanation has been provided for this answer.

1,812.

Warehousing facilities in the distribution and marketing of products are provided by

A.

Manufacturers

B.

Wholesalers

C.

Retailers

D.

Consumers

E.

Sellers

Correct answer is B

No explanation has been provided for this answer.

1,813.

The inefficient distribution of scarce commodities in Nigeria is mostly due to the

A.

Inefficiency in the middlemen

B.

Inefficiency in the production process

C.

Long chain of the distribution system

D.

sovereignty of the consumers

E.

Ineffectiveness of retailer

Correct answer is C

No explanation has been provided for this answer.

1,814.

Which of the following is NOT a feature of underdevelopment

A.

Low per capita income

B.

Vicious circle of poverty

C.

Low level of industrialization

D.

Greater dependence on primary production

E.

High per capita income

Correct answer is E

No explanation has been provided for this answer.

1,815.

The amount of labour a producer hires relative to labour factor inputs depends on the

A.

Price of labour or its wage

B.

Price of labour, machinery and other inputs

C.

Price of machinery

D.

Price of the other inputs

E.

Type of machinery

Correct answer is B

No explanation has been provided for this answer.