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2501

The main objective of WTO is to

  • A. ensure adequate protection of infant industries
  • B. provide a mechanism for tariff reduction
  • C. assist countries with chronic balance of payments problem
  • D. assist developing countries to execute developmental projects
View Answer & Discuss (1) JAMB 2014
2502
The major determinant of the total volume of output in an economy is the
  • A. level of total expenditure
  • B. composition of consumer spending
  • C. number of farmers
  • D. size of the labour force
View Answer & Discuss (1) JAMB 2014
2503

The labour force of a country is determined by the

  • A. age structure of the population
  • B. geographical distribution of the population
  • C. sex distribution of the population
  • D. number of people available for work
View Answer & Discuss (7) JAMB 2014
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2504

An economy in which both the public and private sectors contribute to economic growth is as

  • A. feudal economy
  • B. capitalist economy
  • C. socialist economy
  • D. mixed economy
View Answer & Discuss (1) JAMB 2013
2505

If the standard deviation of a given data is 53, what is the variance?

  • A. 2082
  • B. 2809
  • C. 2808
  • D. 2209
View Answer & Discuss JAMB 2013
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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