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Economics 2002 JAMB Past Questions

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16
The primary objective of the NDIC is to?
  • A. give protection to the CBN against fraud
  • B. provide regulations guiding the finance houses
  • C. give protection against fraud
  • D. give protection to bank depositors
View Answer & Discuss (1) JAMB 2002
17
Excess demand inflation can be controlled through?
  • A. contractionary fiscal policy
  • B. contractionary trade policy
  • C. expansionary fiscal policy
  • D. expansionary monetary policy
View Answer & Discuss (1) JAMB 2002
18
The middlemen in the chain of distribution are?
  • A. manufacturers and consumers
  • B. wholesalers and retailers
  • C. consumers and wholesalers
  • D. retailers and consumers
View Answer & Discuss JAMB 2002
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19
If the growth rate of available resources continuously outpaces that of the population, a country will eventually experience?
  • A. maximum population
  • B. underpopulation
  • C. overpopulation
  • D. optimum population
View Answer & Discuss (3) JAMB 2002
20
The equilibrium wage in an economy is determined by the?
  • A. public service
  • B. worker's union
  • C. rate of inflation
  • D. supply and demand for labour
View Answer & Discuss JAMB 2002
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