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Economics 1980 JAMB Past Questions

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6
Which is NOT a cause of high population growth in Nigeria?
  • A. Family planing Unit of Nigeria
  • B. Improve medical facilities
  • C. Reduction in death rate
  • D. Improve hygiene
  • E. Increased birth rate
View Answer & Discuss (2) JAMB 1980
7
Commercial banks can create money in the following ways?
  • A. by using coins and paper money
  • B. by borrowing money from banks abroad
  • C. by receiving deposit from individuals
  • D. by printing money on the instruction of the central bank
  • E. none of the above
View Answer & Discuss (3) JAMB 1980
8
Utility of a commodity means?
  • A. its usefulness
  • B. power to satisfy a want
  • C. price of the commodity
  • D. satisfaction derived from the product of commodity
  • E. its adaptability
View Answer & Discuss (3) JAMB 1980
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9
International trade arise because?
  • A. one country has more abundant resource
  • B. one country has the technology to produce the commodity whilst the other has not
  • C. one country has the maximum comparative advantage or minimum comparative disadvantage in the production
  • D. one country has manpower to produce the commodity than the country
  • E. All of the above
View Answer & Discuss (1) JAMB 1980
10
By balance of visible trade we mean?
  • A. import and export of goods
  • B. import and export of service
  • C. balance of current account in the balance of payment
  • D. balance of capital account in the baalance of payment
  • E. all of this
View Answer & Discuss JAMB 1980
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