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Economics 1984 JAMB Past Questions

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36
Which of the following items does NOT belong to a country's current account in the balance of payments accounts?
  • A. Merchandise exports
  • B. Merchandise import
  • C. Travel
  • D. Foreign currencies
  • E. Insurance services
View Answer & Discuss JAMB 1984
37
Which of the following is NOT a feature of economic underdevelopment of a country?
  • A. A large number of High income earners relative to the population
  • B. High annual income for the few
  • C. High incidence of poverty
  • D. Low daily calorie intake per person
  • E. High infant mortality rate
View Answer & Discuss (1) JAMB 1984
38
Given the present state of the Nigeria economy,which of the following measures will promote more rapid economic development?
  • A. Complete dependence on oil exports
  • B. concentration on agricultural exports
  • C. Diversification of the economy
  • D. Building of more schools and universities
  • E. Introductionn of nuclear energy in Nigeria
View Answer & Discuss (2) JAMB 1984
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39
Which of the following does NOT represent the behavior of a monopolist?
  • A. Manipulating the market price of his goods
  • B. Manipulating both the price and quantity of his goods at the same time
  • C. Raising the price at one market, lowering it at another market
  • D. Manipulating only quantity, price being a given factor
  • E. Manipulating the quantity of his goods
View Answer & Discuss JAMB 1984
40
In the diagram, the supply curve So So shifts to a new position S1 S1 to indicate
  • A. a drop in supply
  • B. a rise in supply
  • C. a supply- push inflation
  • D. a stable supply curve
  • E. an increase in quantity supplied
View Answer & Discuss JAMB 1984
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