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831
Privatization of government-owned companies means the?
  • A. relinquishing of government equility participation to private individuals
  • B. recapitalization of distressed government-owned companies
  • C. joint paticipation of government and private individuals
  • D. commercialization and deregulation of the economy
View Answer & Discuss JAMB 1997
832
The major determinant of the total volume of output in an economy is the?
  • A. level of wholesale prices
  • B. size of the labour force
  • C. level of total expenditure
  • D. composition of consumer spending
View Answer & Discuss (1) JAMB 1997
833
The most important factor ensuring economic development is the?
  • A. effective mobilization of domestic savings
  • B. presence of foreign capital
  • C. formulation of appropriate government policies
  • D. attraction of foreign aids and grants
View Answer & Discuss JAMB 1997
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834
Which of the following classes of goods accounts for largest proportion of Nigeria's imports?
  • A. Food and animal products
  • B. Consumers goods
  • C. Chemicals
  • D. Machinery and transport equipment
View Answer & Discuss JAMB 1997
835
Counter trading is an international arrangement whereby?
  • A. goods and services are exchanged in a manner similar to barter
  • B. goods and services are sold on the counter
  • C. crude oil is sold to a foreign country
  • D. goods are shipped to countries on which the United Nations has placed a trade embargo
View Answer & Discuss JAMB 1997
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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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