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Economics 1999 JAMB Past Questions

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41
Gains from trade depends on?
  • A. comparative advantage
  • B. absolute advantage
  • C. distributive cost advantage
  • D. absolute cost advantage
View Answer & Discuss JAMB 1999
42
Favorable terms of trade is important to a country because it facilities?
  • A. economic prosperity for importers and exporters
  • B. export of hard currency by the government
  • C. economic prosperity for country
  • D. import of hard currency by the government
View Answer & Discuss JAMB 1999
43

The most acceptable economic measure for trade protection is to?

  • A. improve standards of living
  • B. protect infant industries
  • C. safegard strategic industries
  • D. promote foreign trade
View Answer & Discuss (1) JAMB 1999
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
44
From the table calculate the national income
  • A. N18,500m
  • B. 19,000m
  • C. 19,500m
  • D. 20,500m
View Answer & Discuss JAMB 1999
45
In the table, the income elasticity of clothing is
  • A. 0.5
  • B. 2.0
  • C. 2.5
  • D. 5.0.l
View Answer & Discuss (5) JAMB 1999
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