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Economics 2001 JAMB Past Questions

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46
The loans from the World Bank to developing countries are mainly to support?
  • A. the establishment of more universities
  • B. capital-intensive technology
  • C. infrastructural investments
  • D. their low level of consumption
View Answer & Discuss JAMB 2001
47
The major reason why nations engage in international trade is that?
  • A. it allows free movement of factors of production
  • B. it makes possible the use of capital-intensive method of production
  • C. nations are substantially different in their endowments of economic resources
  • D. it affords the trading nations the opportunity to earn high profit
View Answer & Discuss (2) JAMB 2001
48
A country with over-valued currency will?
  • A. expect balance of payments surplus
  • B. have increased demand forthe exports
  • C. increase her foreign reserve
  • D. decreased her foreign reserve
View Answer & Discuss (8) JAMB 2001
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49
The diagram shows the total utility curve. At the point M, marginal utility
  • A. increases
  • B. is unity
  • C. diminishes
  • D. is zero
View Answer & Discuss (1) JAMB 2001
50
The table above shows a demand schedule for eggs. What is the equilibrium price?
  • A. N 100
  • B. N110
  • C. N60
  • D. N80
View Answer & Discuss (5) JAMB 2001
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