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616
there is an improvement in the terms of trade of a country if?
  • A. a large quantity of exports is given up to obtain a unit of imports
  • B. the volume of exports is greater than the volume of imports
  • C. a smaller quantity of exports is given up to obtain a unit of imports
  • D. the value of exports is greater than the value of imports
View Answer & Discuss (4) JAMB 1991
617
Under flexible exchange rates, a deficit could be corrected by?
  • A. freezing the gold point
  • B. appreciation of other currencies
  • C. removing export subsidies
  • D. removing tariffs
View Answer & Discuss (1) JAMB 1991
618
The higher the the dependency ratio the?
  • A. larger the proportion of the employed relative to the unemployed
  • B. smaller the proportion of the active labour force relative to the inactive
  • C. smaller the number of the non-working age groups relative to the active labour force
  • D. lower the birth rate
View Answer & Discuss (2) JAMB 1991
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619
The age distribution of a country's population is of economic importance because it affects the?
  • A. pattern of expenditure
  • B. size of the army
  • C. optimum size of firms
  • D. location of industries
View Answer & Discuss (3) JAMB 1991
620
It is important to measure the National Income of a country because?
  • A. it is a major determinant of the standard of living
  • B. it reveals hazards of development like pollution and congestion
  • C. it reveals the distribution of the citizen's savings in foreign banks
  • D. its size determines the extent of political stability
View Answer & Discuss JAMB 1991
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