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Economics Past Questions

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2586

A deficit balance of payments is measured by subtracting the debits from the credits in the

  • A. current account
  • B. current and capital accounts
  • C. current and escrow accounts
  • D. capital and escrow accounts
View Answer & Discuss (1) JAMB 2012
2587

One of the functions of ECOWAS is to

  • A. provide funds for infrastructural development
  • B. determine prices of exports
  • C. redistribute income among citizens
  • D. provide employment for citizens of member nations
View Answer & Discuss JAMB 2012
2588

The reward on machinery and equipment in the process of production is known as

  • A. profit
  • B. interest
  • C. rent
  • D. wages
View Answer & Discuss (2) JAMB 2012
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2589
In the diagram equilibrium price is:
  • A. P2
  • B. Po
  • C. P1
  • D. indeterminate
  • E. between Po and P1 Diagram P.2
View Answer & Discuss (1) JAMB 1978
2590
The quantity supplied of a commodity increases while
  • A. production incraases
  • B. demand increses
  • C. price of the commodity increases
  • D. population of the country increases
  • E. more commodites are imported
View Answer & Discuss JAMB 1979
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