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Economics 2009 JAMB Past Questions

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31
Dumping in international trade means selling a goods at a
  • A. higher price at home than abroad
  • B. lower price at home than abroad
  • C. price that equates marginal cost with marginal revenue
  • D. price above marginal cost abroad
View Answer & Discuss (8) JAMB 2009
32
Guided deregulation as currently practised in Nigeria implies that
  • A. market force determine interest and exchange rates
  • B. government alone determines interests and exchange rates
  • C. market forces and government determine interest and exchange rates
  • D. exchange rate is regulated while interest rate is fixed
View Answer & Discuss JAMB 2009
33

An important function of the World Bank is to

  • A. provide short-run loans to members
  • B. encourage trade between members
  • C. promote capital-intensive production
  • D. provide long-time loans to members
View Answer & Discuss JAMB 2009
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34

The major problem confronting a sole proprietor is

  • A. high level of risk
  • B. limited expertise
  • C. limited source of capital
  • D. high taxation
View Answer & Discuss (1) JAMB 2009
35

A public liability company is run on a daily basis by

  • A. the chief executive
  • B. the shareholders
  • C. the board of directors
  • D. financial consultants
View Answer & Discuss JAMB 2009
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