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Economics 1991 JAMB Past Questions

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31
Personal distribution of income implies?
  • A. the way in which income is distributed among specific households or spending units
  • B. the distribution of income according to basic resources
  • C. dividing income according to industries
  • D. dividing income between personal taxes, consumption expenditures and savings
View Answer & Discuss JAMB 1991
32
One of the advantages of international trade is that it?
  • A. increases world output
  • B. encourages economic independence among nations
  • C. restricts spread of technical knowledge
  • D. promotes self-reliance and satisfaction with only what can be produced internally
View Answer & Discuss JAMB 1991
33
there is an improvement in the terms of trade of a country if?
  • A. a large quantity of exports is given up to obtain a unit of imports
  • B. the volume of exports is greater than the volume of imports
  • C. a smaller quantity of exports is given up to obtain a unit of imports
  • D. the value of exports is greater than the value of imports
View Answer & Discuss (4) JAMB 1991
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34
Under flexible exchange rates, a deficit could be corrected by?
  • A. freezing the gold point
  • B. appreciation of other currencies
  • C. removing export subsidies
  • D. removing tariffs
View Answer & Discuss (1) JAMB 1991
35
The higher the the dependency ratio the?
  • A. larger the proportion of the employed relative to the unemployed
  • B. smaller the proportion of the active labour force relative to the inactive
  • C. smaller the number of the non-working age groups relative to the active labour force
  • D. lower the birth rate
View Answer & Discuss (2) JAMB 1991
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