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346
How many National Development Plans did Nigeria have between 1960 and 1984?
  • A. One
  • B. Two
  • C. Four
  • D. Five
  • E. Six
View Answer & Discuss JAMB 1985
347
If an economy grows at an annual rate of 6%, of which is deemed to be due to improvement in the productivity of labour and capital combined, the remaining 2% is generally attributed to
  • A. technical progress
  • B. size of the population
  • C. amount of natural resources
  • D. the environment
  • E. the quality of human resources
View Answer & Discuss (3) JAMB 1985
348
The process by which a country attempts to reduce the import of manufactured goods at home is described as?
  • A. export-promotion
  • B. import-substitution
  • C. industrialization
  • D. export-diversification
  • E. import-creation
View Answer & Discuss JAMB 1985
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349

Under normal circumstances a producer will bear the entire burden of taxation on his output if the?

  • A. demand for his product is completely elastic
  • B. supply of his goods is more elastic than the demand
  • C. demand for his product is more elastic than the supply
  • D. production of his commodities is subject to diminishing returns
  • E. production of his commodities is subject to increase returns to scale
View Answer & Discuss (2) JAMB 1985
350
Which of the following is NOT a part of the fixed costs of a limited liability company?
  • A. Interest on loans
  • B. Rent on buildings
  • C. Depreciation reserves
  • D. Management expenditure
  • E. Wages
View Answer & Discuss (1) JAMB 1985
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