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Economics 2011 JAMB Past Questions

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31

The transfer to public shareholding corporations to private enterprises is

  • A. concession
  • B. incorporation
  • C. commercialization
  • D. privatization
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32

A condition in which official and autonomous exchange rate coexist is

  • A. dual exchange rate system
  • B. managed floating rate system
  • C. market determined exchange rate system
  • D. multiple exchange rate system
View Answer & Discuss (4) JAMB 2011
33

In modern economies, the Malthusian theory of population is ineffective because of

  • A. birth control measures
  • B. technical progress
  • C. government policies
  • D. natural disasters
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34

A change from one industry to another by a worker is an example of

  • A. geographical mobility
  • B. horizonatal mobility
  • C. professional advancement
  • D. veritcal mobility
View Answer & Discuss (7) JAMB 2011
35

Trade takes place because of

  • A. marginal utility
  • B. inefficiency in production
  • C. opportunity cost
  • D. comparative advantage
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