Economics JAMB - Page 163 of 169

An economy in which both the public and private sectors contribute to economic growth is a _______?

by Sunday | Oct 19 | Economics JAMB

A. socialist economy B. feudal economy C. mixed economy D. capitalist economy Correct Answer: Option C – mixed economy

The transfer of public share holding in corporations to private enterprise is ________?

by Sunday | Oct 19 | Economics JAMB

A. Incorporation B. Concession C. Privatization D. Commercialization Correct Answer: Option C – Privatization

The labour force of a country is determined by the _________?

by Sunday | Oct 19 | Economics JAMB

A. geographical distribution of the population B. age structure of the population C. number of people available for work D. sex distribution of the population Correct Answer: Option B – age structure of the population

An ad valorem tax is imposed on _____?

by Sunday | Oct 19 | Economics JAMB

A. Exports B. Imports C. The Value of a Commodity D. Special Commodities Correct Answer: Option C – The Value of a Commodity Explanation An ad valorem tax (Latin for “according to value”) is a tax whose amount is based on the value of a transaction...