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Economics 2016 JAMB Past Questions

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41

The slow pace of industrial growth in Nigeria can be attributed to__________?

  • A. lack of raw materials
  • B. lack of market for produce
  • C. inadequate skilled labour
  • D. over-dependence on the oil sector
View Answer & Discuss JAMB 2016
42

Consumers allocate their resources based on the ______?

  • A. Law of diminishing marginal utility
  • B. Value in use and value in exchange principle
  • C. Law of returns to scale
  • D. Diamond and water paradox
View Answer & Discuss (1) JAMB 2016
43

A country's terms of trade can be improved by________?

  • A. Revaluation of currency
  • B. Collective bargaining
  • C. Reducing demand for imported goods
  • D. Imposing lower export duties
View Answer & Discuss (1) JAMB 2016
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44

A government budget proposing to spend more than its expected revenue in a year will create_______?

  • A. Opportunity for combating inflation
  • B. Depression in the economy
  • C. Shortage in money supply
  • D. Opportunity for full employment
View Answer & Discuss (4) JAMB 2016
45

Population growth is determined by_______?

  • A. Dependency ratio
  • B. Labour force
  • C. Per capita
  • D. Net migration
View Answer & Discuss JAMB 2016
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