JAMB Economics 2011 Objective — Question 10

Question 10 of 49 from the Joint Admissions and Matriculation Board (JAMB) Economics 2011 Objective paper, with the correct answer and a full explanation.

An effective way of controlling inflation in a mixed economy is to

A. A. reduce income tax
B. B. ration available output
C. C. increase imports
D. D. increase productivityCorrect

Explanation

If productivity is increased, there will be an increase in total output, and the problem of too much money chasing few goods will be solved.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Economics 2011 Objective More Economics past papers