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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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1326
The major reason why countries strive to achieve optimum growth is to
  • A. be self-sufficient
  • B. raise general living standards
  • C. raise the level of production
  • D. reduce aggregate expenditure
View Answer & Discuss (1) JAMB 2009
1327

According to the theory of comparative advantage specialization will result in

  • A. labour-intensive method of production
  • B. capital-intensive method of production
  • C. efficient allocation of resources
  • D. efficient distribution of output
View Answer & Discuss (1) JAMB 2009
1328
Dumping in international trade means selling a goods at a
  • A. higher price at home than abroad
  • B. lower price at home than abroad
  • C. price that equates marginal cost with marginal revenue
  • D. price above marginal cost abroad
View Answer & Discuss (8) JAMB 2009
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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1329
Guided deregulation as currently practised in Nigeria implies that
  • A. market force determine interest and exchange rates
  • B. government alone determines interests and exchange rates
  • C. market forces and government determine interest and exchange rates
  • D. exchange rate is regulated while interest rate is fixed
View Answer & Discuss JAMB 2009
1330

An important function of the World Bank is to

  • A. provide short-run loans to members
  • B. encourage trade between members
  • C. promote capital-intensive production
  • D. provide long-time loans to members
View Answer & Discuss JAMB 2009
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts