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Economics 2005 JAMB Past Questions

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41
The factor responsible for the current inflationary pressures in Nigeria is the
  • A. exchange rate depreciation
  • B. increase in exports
  • C. low per capital income
  • D. budget surplus
View Answer & Discuss JAMB 2005
42
If government increases in its expenditure on public works, the desired effect is
  • A. a reduction in the use of capital equipment
  • B. an increase in the level of emploment
  • C. an increase in the level of inflation
  • D. an increase in the use of capital equipment
View Answer & Discuss (6) JAMB 2005
43
An institution that regulates trade relations among members is the
  • A. ADB
  • B. OPEC
  • C. EU
  • D. IMF
View Answer & Discuss (1) JAMB 2005
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44
What is the median quantity?
  • A. 5kg
  • B. 6kg
  • C. 3kg
  • D. 4kg
View Answer & Discuss (1) JAMB 2005
45
Applying the law of comparative costs, how many units of groundnuts will Nigeria produce?
  • A. 7000 units
  • B. 16000 units
  • C. 9000 units
  • D. 8000 units
View Answer & Discuss (2) JAMB 2005
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