2022 - JAMB Economics Past Questions and Answers - page 4
The type of unemployment found among workers who leave their jobs in search of other jobs is termed
seasonal unemployment
structural unemployment
frictional unemployment
cyclical unemployment
The main objective of marketing boards is to
accumulate revenue for government
educate farmers on pricing of cash crops
stabilize the incomes of cash crop farmers
provide warehousing facilities
The point x inside the PPC indicate?
resources are fully utilized
the country is poor
some resources are idle
resources are not available
Which of the following industries will add more value to primary products?
Service industry
Construction industry
Mining industry
Processing industry
Gross National Product (GNP) less the provision for the wear and tear of assets is the
net present value
net national product
net factor income
net indirect taxes
An example of transfer payments in national income accounting is
money transferred to another country
unemployment allowance paid to the citizens
the amount paid to a worker on transfer
transfer of funds from one bank to another
Increasing national income without effective control of population size in a country can lead to
higher per capita income
increase in poverty
increased outflow of aid
underutilization of resources
An example of commodity money is
currency note
mobile money
cheques
silver
If inflation is anticipated, people may
save more money
spend more money
give out more loans
spend less money
If the Central Bank increases its bank rate
many banks will shut down their operations
customers will borrow more from banks
the supply of money may be reduced
interest charges by banks will fall