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Economics 1999 JAMB Past Questions

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36
Fiscal policy involves changes in?
  • A. open market operations
  • B. revenue and expenditure of government
  • C. money supply to the economy
  • D. imports and exports
View Answer & Discuss JAMB 1999
37

Economic development may be defined as economic growth?

  • A. in a given country
  • B. over a long period
  • C. and improved health facilities
  • D. and improved distribution of wealth
View Answer & Discuss (5) JAMB 1999
38
The price of a good will not be affected by the imposition of a sales tax on it if the?
  • A. supply is inelastic
  • B. demand is inelastic
  • C. supply is perfectly elastic
  • D. demand is perfectly elastic
View Answer & Discuss (3) JAMB 1999
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39
A free trade area emerges when?
  • A. traders from one part of the country can move freely to other parts
  • B. customs regulation are harmonized among countries
  • C. a group of countries decide to remove restrictions on imports from one another
  • D. the UNCTAD is in force
View Answer & Discuss JAMB 1999
40
De valuation helps in checking adverse balance of payments if the?
  • A. demand for imports is elastic
  • B. demand for imports is inelastic
  • C. supply of exports is elastic
  • D. demand for exports is inelastic
View Answer & Discuss JAMB 1999
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