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836
In recent years, Nigeria's balance of payments has continued to register a deficit due to (i) increased government overseas' spending.
(ii) increasing prices of exports.(iii) rising import prices .(iv)more payment to overseas' investors.
  • A. i, ii and iii
  • B. i, ii and iv
  • C. i, ii, iii and vi
  • D. i, ii, iii and iv
View Answer & Discuss (3) JAMB 1997
837
The organization which provides credit to help countries achieve short-term balance in their balance of payment is the?
  • A. Economic Community of West Africa States
  • B. International Monetary Fund
  • C. International Bank for Reconstruction and Development
  • D. African Develoment Bank
View Answer & Discuss JAMB 1997
838
An important feature of a cartel is that?
  • A. members do not reduce price below the cartel price
  • B. each member has a fixed output above which it is not expected to produce
  • C. a powerful member fixes the price at which others will sell
  • D. membes fix the prices for their products
View Answer & Discuss JAMB 1997
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839
One of the economic problems of Nigeria today arises from?
  • A. the over utilization of human and natural resources
  • B. unavailability of mineral resources
  • C. inadequate manpower resources
  • D. the under-utilization of human and natural resources
View Answer & Discuss (2) JAMB 1998
840
In certain circumstances, a centrally planned economy adopts the rationing system because of?
  • A. the scarcity of goods and services in the market
  • B. low real and money wages
  • C. the need for equitable distribution of goods and services
  • D. transportation and distribution problems
View Answer & Discuss JAMB 1998
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