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Economics 1990 JAMB Past Questions

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31
Balance of trade is the difference between?
  • A. exports and imports of goods and services
  • B. capital inflows and capital outflows
  • C. visible and invisible balances
  • D. exports and imports of goods
View Answer & Discuss (1) JAMB 1990
32
Which of the following is likely to reduce a surplus in the balance of payments of a country?
  • A. Devaluation
  • B. Increased tariff on imports
  • C. Export promotion
  • D. Currency appreciation
View Answer & Discuss JAMB 1990
33
Which of the following is a tariff?
  • A. Limit on the amount of goods which can be imported
  • B. Inteest rate on foreign loans
  • C. Government payment to domestic producers for exports
  • D. Tax on imported goods
View Answer & Discuss (1) JAMB 1990
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34
Import duties will increase total expenditure on imports if the demand for imports is?
  • A. elastic
  • B. inelastic
  • C. infinitely elastic
  • D. derived
View Answer & Discuss (2) JAMB 1990
35
Which of the following is likely to hinder labour mobility in Nigeria?
  • A. Higher wages elsewhere
  • B. Cultural similarities
  • C. Good accommodation elsewhere
  • D. Ignorance of job opportunities elsewhere
View Answer & Discuss (4) JAMB 1990
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