JAMB Economics Past Questions & Answers - Page 384

1,916.

In a public company, shares are

A.

Sold to one person only

B.

Distributed freely

C.

Advertised to members of the public for subscription

D.

Disposed by the Chief Executive

Correct answer is C

No explanation has been provided for this answer.

1,917.

The channel for food distribution in Nigeria consist of

A.

Farmers and their families

B.

Producers, wholesalers and retailers

C.

Producers and consumers

D.

Producers and processor

E.

Farmers, processors and consumers

Correct answer is B

No explanation has been provided for this answer.

1,918.

The most important advantage of co-operative societies is

A.

Their high degree of democracy

B.

The increase inthe cost of marketing

C.

That member are encouraged to save money

D.

The possibility of raising loans for the members

Correct answer is D

No explanation has been provided for this answer.

1,919.

In the normal channels of distribution the breaking of bulk is performed by the

A.

Producer

B.

Wholesaler

C.

Retailer

D.

Consumer

Correct answer is B

No explanation has been provided for this answer.

1,920.

A monopolist will practice price discrimination in two markets if

A.

The cost of separating the markets is large

B.

The markets have different elasticities of demand

C.

There is free flow of information in the two markets

D.

There is a patent of the commodity

Correct answer is B

No explanation has been provided for this answer.