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Economics Past Questions

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581
Social overhead capital refers to?
  • A. balanced growth
  • B. gross investment
  • C. the building of infrastructures
  • D. capital formation
View Answer & Discuss JAMB 1990
582
The most common index used for measuring development is?
  • A. the level of literacy
  • B. per capita income
  • C. nutritional levels
  • D. population growth rate
View Answer & Discuss JAMB 1990
583
Agriculture is central to Nigeria''s economic development because?
  • A. Nigeria''s comparative advantage lies mainly in agro-allied industries
  • B. agriculture is the largest employer of labour
  • C. agriculture accounts for an insignificant domestic product
  • D. Nigeria earns limitless foreign exchange from agriculture
View Answer & Discuss JAMB 1990
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584

In market economy, the question of what, how and for whom to produce are solved the

  • A. elected representative
  • B. planning committe
  • C. price mechanism
  • D. government
View Answer & Discuss (6) JAMB 1991
585
Economic goods are termed scarce goods when they are?
  • A. not available in sufficient quantities to satisfy all wants for them
  • B. not produced in sufficient quantities to satisfy the effefctive demand for them
  • C. of high quality
  • D. of primary importance in satisfying the needs of a society
View Answer & Discuss JAMB 1991
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