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Economics Past Questions

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2966
Scarcity in economics generally refers to
  • A. A period of feminine
  • B. Monopolization of existing supply of resources
  • C. Nationalization of sources of raw materials in Nigeria
  • D. The control of outlets to sell goods
  • E. None of the above
View Answer & Discuss (1) JAMB 1981
2967
Which of the following are direct taxes?
  • A. Sales taxes
  • B. Excise taxes
  • C. Income and company taxes
  • D. Tarrif duties
  • E. Commodity taxes
View Answer & Discuss (1) JAMB 1983
2968
Given the present state of the Nigerian economy, which of the following measures will promote a more rapid economic development?
  • A. Complete dependence on oil exports
  • B. Concentration on agricultural exports
  • C. Diversification of the economy
  • D. Building of more schools and universities
  • E. Introduction of nuclear energy in Nigeria
View Answer & Discuss JAMB 1984
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2969
An improvement in Nigeria's terms of trade should
  • A. Lead to a fall in cost of her imports in terms of what she must sacrifice to obtain them
  • B. Make made in Nigeria goods cheaper to buy
  • C. Increase Nigeria's domestic output of commodities
  • D. Lead to an increase in her exchange rates
  • E. Lead to an increase in Nigeria's exports of petroleum
View Answer & Discuss JAMB 1984
2970
If a person demands money for buying and selling securities. It is referred as demanding money for
  • A. Transaction purposes
  • B. Speculative purposes
  • C. Precautionary purposes
  • D. Meeting the educational expenses of the children
  • E. Carrying out gambling activities
View Answer & Discuss (2) JAMB 1984
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