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Economics 2020 JAMB Past Questions

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31

When a country's population is experiencing increasing returns, that country is said to be?

  • A. overpopulated
  • B. economically poor
  • C. over-producing goods and services
  • D. under-populated
View Answer & Discuss (3) JAMB 2020
32

The most important attribute of money is?

  • A. homogeneity
  • B. relative scarcity
  • C. divisibility
  • D. general acceptance
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33

The use of legally permissible means to reduce tax liabilities is known as tax?

  • A. evasion
  • B. avoidance
  • C. relief
  • D. exemption
View Answer & Discuss (7) JAMB 2020
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34

The Economic Commission for Africa was set up by the?

  • A. UNO
  • B. ECOWAS
  • C. OAU
  • D. IMF
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35

One of the techniques of monetary control used by the central bank of Nigeria is

  • A. selective credit control
  • B. budget deficit
  • C. foreign exchange control
  • D. monitoring the general price level
View Answer & Discuss (2) JAMB 2020
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