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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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1241
In a developing economy, productivity is measured by the
  • A. capital-output ratio
  • B. output growth rate
  • C. output-labour ratio
  • D. output per capita
View Answer & Discuss (3) JAMB 2007
1242
The gains from international trade are shared on the basis of the
  • A. quantity produced of each of the traded goods
  • B. cost of production of each of the traded goods
  • C. terms of trade
  • D. bilateral trade agreements
View Answer & Discuss (1) JAMB 2007
1243

One of the ways of correcting a deficit balance of payments is to

  • A. revalue a country's currency
  • B. devalue a country's currency
  • C. increase imports
  • D. reduce exports
View Answer & Discuss (1) JAMB 2007
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1244
The main objective of WTO is to
  • A. help countries with chronic balance of payments problems
  • B. help debtor nations solve their problems
  • C. ensure adequate tariff protection for infant industries
  • D. provide a mechanism for tariff reductions
View Answer & Discuss JAMB 2007
1245
The minimum number of shareholders for a joint stock company is
  • A. 2
  • B. 3
  • C. 4
  • D. 7
View Answer & Discuss JAMB 2007
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts