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Economics 2003 JAMB Past Questions

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26
A greater burden of the taxes on essential goods is borne by the
  • A. lower income group
  • B. higher income group
  • C. contract workers
  • D. newly recruited workers
View Answer & Discuss JAMB 2003
27
Privatization and commercialization of public enterprise in Nigeria is necessitated by
  • A. the IBRD conditions
  • B. the government's loss of interest in them
  • C. their operational inefficiency
  • D. the IMF conditions
View Answer & Discuss JAMB 2003
28
The effectiveness of devaluation as a solution to a balance of payments problem depends on the
  • A. value of visible and invisible goods
  • B. value of invisible items of both domestic and foreign trades
  • C. relative elasticities of demand and supply of imports and exports
  • D. foreign investments of businessmen
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29
Statutory organisations usually established by Acts of Parliament are called
  • A. public corporations
  • B. cooperative societies
  • C. joint-stock companies
  • D. public enterprises
View Answer & Discuss (2) JAMB 2003
30
The effect of an increase in the personal income tax is to
  • A. reduce unemployment
  • B. raise the absolute price level
  • C. reduce the disposable income
  • D. distort the economy
View Answer & Discuss JAMB 2003
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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