Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

64

Mrs Jones who lives in the riverine community of Rivers State makes her living through crabbing and fishing . This type of occupation she is in is

  • A. commercial
  • B. manufacturing
  • C. service
  • D. extractive
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65

One of the major determinants of the volume of production is

  • A. the market size
  • B. the availability of banks
  • C. sex distribution
  • D. government policy
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66

An important feature of land is that it

  • A. has an elastic supply
  • B. is an active factor of production
  • C. is heterogenous in nature
  • D. is subject to returns to scale
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67

An important feature of land is that it

  • A. has an elastic supply
  • B. is an active factor of production
  • C. is heterogenous in nature
  • D. is subject to returns to scale
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68

The payment for direct service is usually made by the

  • A. local authority
  • B. community
  • C. government
  • D. individual
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69

The payment for direct service is usually made by the

  • A. local authority
  • B. community
  • C. government
  • D. individual
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70

One of the products of an extractive industry is

  • A. an airplane
  • B. an iron ore
  • C. a shoe
  • D. a textile material
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71

One of the products of an extractive industry is

  • A. an airplane
  • B. an iron ore
  • C. a shoe
  • D. a textile material
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72

Cooperation and friendliness are enhanced among nations through interdependence necessitated by

  • A. tourism
  • B. commerce
  • C. agriculture
  • D. socio-cultural activities
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