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Economics Past Questions

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3526

Import duty and tariffs is an instrument used for international trade restriction and so is __________?

  • A. Preferential duties
  • B. Preferential treatment
  • C. Entreport
  • D. Trade license
View Answer & Discuss (1) JAMB 2018
3527

Given the table, if the total budget of the country to be 100 million naira, what is the ratio of expenditure on manufacturing to agriculture?

  • A. 1:2
  • B. 3:2
  • C. 2:1
  • D. 2:3
View Answer & Discuss JAMB 2018
3528

The policy by which government encourages producers of export goods to produce and export more in order to earn more foreign exchange is called__________

  • A. Sales promotion
  • B. Term of trade
  • C. Export promotion
  • D. International trade
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3529

Human wants are insatiable because wants are____________

  • A. Limited while means are scarce
  • B. Unlimited and means are also unlimited
  • C. Limited and means are also limited
  • D. Unlimited while means are scarce.
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3530

Mortgage banks give loans to investors on a long term basics to_____________

  • A. Finance agriculture
  • B. establish banks
  • C. acquire machinery
  • D. build houses
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts