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Economics 1987 JAMB Past Questions

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36
Which of the following applies to a commodity sold abroad at a price lower than that in the producing country?
  • A. Dumping
  • B. Counter-trade
  • C. Bilateral trade
  • D. Trade liberalization
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37
The rate of exchange between a domestic and a foreign currency is defined as the?
  • A. terms of trade
  • B. domestic currency price of a unit of the foreign currency
  • C. foreign currency price of gold
  • D. domestic currency price of gold
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38
Which of the following best explains the structural changes in the population of a country?
  • A. Positive changes in the size and ethnic composition of the population
  • B. A decrease in the size of the population
  • C. An increase in the birth rate which is higher than the decrease in the death rate
  • D. Changes in the age, sex and occupational composition of the population
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39
Statistical information available in most West African countries suggests that?
  • A. the marginal propensity to save is high
  • B. the marginal propensity to consume is high
  • C. the consumption pattern is negative
  • D. there exists perfect correlation between consumption and savings
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40
Transfer payment are
  • A. transfer earnings
  • B. money transferred from one country to another
  • C. unearned income
  • D. payment transferred from one account to another
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