2018 - JAMB Economics Past Questions and Answers - page 7
A group formed to enable members adopt a common policy in labour negotiation is known as?
One of the major forms of migration that tends to create problem in all developing countries is that of___________
When a union is composed of workers with the same skill , it is called____________
| X | 2 | 3 | 4 | 5 |
| F | 2 | 5 | 2 | 1 |
From the table, the mean of the distribution is___________
The bank type responsible for the formulation of rules and regulations guiding the banking industry is known as?
From table, how many people scores above 6?
The following are types of capital except:___________
Types of capital include: Natural Capital, Human Capital, Social Capital, Manufactured Capital, Financial Capital
Import duty and tariffs is an instrument used for international trade restriction and so is __________?
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?
Total budget = N100,000,000
Portion of pie chart covered in degree = 360
Expenditure on manufacturing = x/N100,000,000 × 3600 = 360
3600x = 360 × N100,000,000
x = 360×N100,000,000/3600
x=N10,000,000
Therefore, the budget allocated to Manufacturing is N10,000,000
Total budget = N100,000,000
Portion of pie chart covered in degree = 720
Expenditure on Agriculture = x/N100,000,000 × 3600 = 720
3600x = 720 × N100,000,000
x = 720 × N100,000,000/3600
x = N20,000,000
budget allocated to Agriculture is N20,000,000
Ratio of expenditure on Manufacturing to Agriculture;
Ratio = 10,000,000:20,000,000
=1:2
The policy by which government encourages producers of export goods to produce and export more in order to earn more foreign exchange is called__________
Export promotion is any policy by which government encourages producers of export goods to produce and export more in order to earn more foreign exchange. Such measures include: reduction of export duties, subsidy for export based industries etc.