Economics

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Past Questions

Question 301
jamb 1984
a

creates investment opportunities for foreign investors

b

leads to indigenization of the private sector

c

raises the level of total tax revenue

d

raises the level of aggregate demand

e

controls the spread of monopoly

Question 302
jamb 1984
a

general services

b

community services

c

social services

d

economic services

e

administrative services

Question 303
jamb 1984
a

2,2

b

2,1.5

c

1.5,4

d

1.5,2

e

0.5,1.5

Question 304
jamb 1984
a

Nigeria should produce cocoa and lace

b

Austria should produce cocoa and lace

c

Nigeria can benefit from producing lace only

d

Nigeria should not produce any of the products because of her relative disadvantages

e

Austria should produce lace and Nigeria should produce cocoa

Question 305
jamb 1984
a

Diferences in currencies

b

Government control

c

Mobility of factors of production

d

Cultural differences

e

Exchange of Goods and services

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