2013 - JAMB Economics Past Questions and Answers - page 5
41
One of the main achievements of the Economic Commission for Africa is
A
eliminating trade restrictions among states
B
encouraging transport and communication development
C
guaranteeing a steady flow of foreign investment into Africa
D
providing the machinery for collaboration on monetary issues
correct option: a
Users' Answers & Comments42
The rate of interest change on loans depends largely on
A
the prevailing exchange rate
B
marginal efficiency of capital
C
the risk associated with the loan
D
the prevailing tax rate
correct option: c
Users' Answers & Comments43
A valid explanation for real wage growth is
A
an increase in the rate of productivity
B
the rising cost of capital accumulation
C
a contraction of emploment in service industries
D
an increase in the quantity of labour
correct option: a
Users' Answers & Comments44
If Mr. X lost his clerical job at a store and searched for a similar job for ten months before finding one this implies that Mr.X was
A
structurally unemployed
B
frictionally unemployed
C
seasonally unemployed
D
cyclically unemployed
correct option: b
Users' Answers & Comments45
A
unitarily elastic
B
perfectly elastic
C
perfectly inelastic
D
fairly inelastic
correct option: c
Users' Answers & Comments46
A
F
B
S
C
M
D
K
correct option: b
Users' Answers & Comments47
A
marginal cost
B
total cost
C
variable cost
D
fixed cost
correct option: c
Users' Answers & Comments
49
A
GHEF
B
GHJC
C
EFJC
D
GHOB
correct option: d
Users' Answers & Comments