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Economics 2019 JAMB Past Questions

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66

Most of the National debts is "dead weight" in the sense that is____

  • A. bound to increase from year to year
  • B. accumulated as the result of past capital investment
  • C. the responsibility of the treasury
  • D. not covered by any real asset
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67

The basic principle underlying location of industry is the tendency for production of a commodity to be located on the basis of______

  • A. division of labour
  • B. employment trends
  • C. relative costs and benefits
  • D. immobility of skilled labour
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68

External economies arises essentially from__________

  • A. a firm's individual policies
  • B. localisation of industry
  • C. government economic policy
  • D. free transferability of shares
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69

The birth rate in 1976 for a certain country with a population of 10m was 8.0. This means that in 1976,___________

  • A. there were 80,000 live births in the country
  • B. there were 6,400 live births in the country
  • C. there were 8 live births to every 100 women in working-class families
  • D. 8 in every 1000 women of 21 - 45 gave birth to a live child
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70

Assume that, for a certain country in a given year, the index of import prices stands at 102, the index of export prices stands at 106. The terms of trade are (to the nearest whole number)

  • A. 208
  • B. 104
  • C. 54
  • D. 4
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