2002 - JAMB Economics Past Questions and Answers - page 5
41
The types, sources and uses of government income are mainly concerned with?
A
public expenditure
B
public revenue
C
public budget
D
public finance
correct option: d
Users' Answers & Comments42
The present privatization policy in Nigeria is aimed at?
A
reducing income inequality
B
reducing the prices of goods and services
C
poverty alleviation
D
increasing efficiency in production
correct option: d
Users' Answers & Comments43
One of the problems arising from the localization of industries is?
A
high prices of output
B
the exportation of output
C
the scarcity of foreign exchange
D
structural unemployment
correct option: d
Users' Answers & Comments44
The major purpose of African Development Bank is to?
A
provide loans for trade development
B
provide loans for infrastructural development
C
provide loans for develpment banks in distress
D
educate peasant farmers in new techniques
correct option: b
Users' Answers & Comments45
As a country gets more developed, the percentage of labour engaged in agriculture tends to?
A
remain constant
B
decrease steadily
C
switch over to trading
D
increase steadily
correct option: b
Users' Answers & Comments46
A
13:3
B
1:5
C
18:4
D
5:1
correct option: d
Users' Answers & Comments47
A
288 o
B
720 o
C
90 o
D
144 o
correct option: d
Users' Answers & Comments48
A
200
B
300
C
600
D
100
correct option: b
Users' Answers & Comments49
A
4 for Ghana; 2 for Nigeria
B
20 for Ghana; 60 for Nigeria
C
1/4 for Ghana; 1/2 for Nigeria
D
5 for Ghana; 30 for Nigeria
correct option: c
Users' Answers & Comments50
If goods P and Q are purchased by a consumer, a fall in the price P with the price Q unchanged will cause the budget line to
A
shift parallel inwards
B
rotate outwards away from the origin
C
rotate inwards towards the origin.
D
shift parallel outwards
correct option: c
Users' Answers & Comments