Economics

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Past Questions

Question 146
jamb 1981
a

Make possible for an individual to build up store of many things for future use

b

Makes it possible for payment to be postponed from the present to a future date

c

Facilitate the exchange of goods

d

Makes easy calculations possible

e

None of the above

Question 147
jamb 1981
a

Serving as Goverment''s bank

b

Serving as bankers bank

c

Acceptance of deposit from the public

d

Responsibility for monetary policy

e

Serving as lender of last resort

Question 148
jamb 1981
a

Country I has absolute disadvantage in the production of both cocoa cloth

b

Country I has absolute advantage in the production of both cocoa and cloth

c

Country II has absolute advantage in the production of both cocoa and cloth

d

Country II has comparative advantage in the production of cocoa

e

Country II should leave the production of both cocoa and cloth to country I

Question 149
jamb 1981
a

Industries producing baby food and clothing

b

Industries owned by infants

c

Newly set-up industries

d

Industries in which infants will be taken care of

e

Industries that behave like infants

Question 150
jamb 1981
a

services

b

goods and services

c

tangible goods

d

short-term and long-term capital

e

goods that cannot be seen

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