Courses » JAMB » JAMB Economics » Economics Exam Topics » 2022 - Questions and Answers

2022 - JAMB Economics Past Questions and Answers - page 4

31

The type of unemployment found among workers who leave their jobs in search of other jobs is termed

A

seasonal unemployment

B

structural unemployment

C

frictional unemployment

D

cyclical unemployment

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32

The main objective of marketing boards is to

A

accumulate revenue for government

B

educate farmers on pricing of cash crops

C

stabilize the incomes of cash crop farmers

D

provide warehousing facilities

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33


The point x inside the PPC indicate?

A

resources are fully utilized

B

the country is poor

C

some resources are idle

D

resources are not available

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34

Which of the following industries will add more value to primary products?

A

Service industry

B

Construction industry

C

Mining industry

D

Processing industry

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35

Gross National Product (GNP) less the provision for the wear and tear of assets is the

A

net present value

B

net national product

C

net factor income

D

net indirect taxes

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36

An example of transfer payments in national income accounting is

A

money transferred to another country

B

unemployment allowance paid to the citizens

C

the amount paid to a worker on transfer

D

transfer of funds from one bank to another

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37

Increasing national income without effective control of population size in a country can lead to

A

higher per capita income

B

increase in poverty

C

increased outflow of aid

D

underutilization of resources

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38

An example of commodity money is

A

currency note

B

mobile money

C

cheques

D

silver

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39

If inflation is anticipated, people may

A

save more money

B

spend more money

C

give out more loans

D

spend less money

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40

If the Central Bank increases its bank rate

A

many banks will shut down their operations

B

customers will borrow more from banks

C

the supply of money may be reduced

D

interest charges by banks will fall

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