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Economics 2002 JAMB Past Questions

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41
The present privatization policy in Nigeria is aimed at?
  • A. reducing income inequality
  • B. reducing the prices of goods and services
  • C. poverty alleviation
  • D. increasing efficiency in production
View Answer & Discuss JAMB 2002
42
One of the problems arising from the localization of industries is?
  • A. high prices of output
  • B. the exportation of output
  • C. the scarcity of foreign exchange
  • D. structural unemployment
View Answer & Discuss JAMB 2002
43
The major purpose of African Development Bank is to?
  • A. provide loans for trade development
  • B. provide loans for infrastructural development
  • C. provide loans for develpment banks in distress
  • D. educate peasant farmers in new techniques
View Answer & Discuss (1) JAMB 2002
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44
As a country gets more developed, the percentage of labour engaged in agriculture tends to?
  • A. remain constant
  • B. decrease steadily
  • C. switch over to trading
  • D. increase steadily
View Answer & Discuss JAMB 2002
45

In the diagram above, the marginal rate of substitution of X for Y, for a movement from S to T is

  • A. 13:3
  • B. 1:5
  • C. 18:4
  • D. 5:1
View Answer & Discuss (3) JAMB 2002
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