Economics

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Past Questions

Question 246
jamb 1983
a

shareholder may lose the maximum of the amount he has invested

b

shareholder loses nothing

c

shareholders loses everything including his house

d

shareholder''s liability becomes unlimited

e

shareholder will lose the amount he has invested plus a proportion of his bank account

Question 247
jamb 1983
a

middle income group

b

higher income group

c

lower income group

d

people falling between the middle and higher income groups

e

top few richest people of the country

Question 248
jamb 1983
a

according to absolute cost advantage

b

according to absolute cost disadvantage

c

according to comparative cost disadvantage

d

according to comparative cost advantage

e

on the basis of the availability of labour

Question 249
jamb 1983
a

at a low price that recieved in the home market

b

at a price higher than that recieved in the foreign market

c

at a price equal to the cost price in the home market

d

in order to encourage indigenous producers

e

at a price equal to the selling price in the home market

Question 250
jamb 1983
a

imports of the country exceeding its exports

b

overall deficit or surplus in the current account and capital account of the balance of payment

c

capital flowing out of the country exceeds the capital flowing into the country

d

deficit in the trade balance

e

export earnings exceeds cost of imports

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