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Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

ECONOMICS

JAMB 2012 - Question 2

Economics 2012 JAMB Past Questions - Question 2: A major disadvantage of a socialist economy is that

Choose the most appropriate option for the gap .

A major disadvantage of a socialist economy is that

A: corruption is rampant

B: consumers sovereignty is lost

C: income inequality is entrenched

D: there is high level of unemployment.

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ECONOMICS

Economics 2012 JAMB Past Questions - Question 2: A major disadvantage of a socialist economy is that

Examkit's JAMB CBT App

Correct Answer

Explanation