by Sunday | Oct 29 | Economics JAMB
A. presenting a united front against foreign economic exploiters B. introducing a common currency for travellers C. holding frequent meeting at various state capitals D. increasing economic stability among members states Correct Answer: Option D – increasing...
by Sunday | Oct 29 | Economics JAMB
A. it failed to incorporate lessons gained from earlier plans to enhance its efficiency B. it came too quickly after the country’s independence C. planned expenditure was based too heavily on expected earnings from crude oil D. its execution was based largely on...
by Sunday | Oct 29 | Economics JAMB
A. substituting agricultural products with industrial ones B. substituting imports with agricultural exports C. the diversification of industries D. improving the balance of payments Correct Answer: Option B – substituting imports with agricultural...
by Sunday | Oct 29 | Economics JAMB
A. Value added tax B. Royalties C. indirect tax D. Direct tax Correct Answer: Option C – indirect tax
by Sunday | Oct 29 | Economics JAMB
A. introduce import-promotion measures B. buy investments abroad C. devalue the currency D. de-emphasize import-substitution industries Correct Answer: Option B – buy investments abroad
by Sunday | Oct 29 | Economics JAMB
A. secure maximum government revenue and regulate price B. prevent the smuggling of petroleum products C. satisfy the domestic consumption of petroleum products D. protect the local operators in the petroleum industry Correct Answer: Option C – satisfy the...
by Sunday | Oct 29 | Economics JAMB
A. poverty, high level of literacy and low income B. poverty, low level of literacy and low income C. low level of illiteracy, low income and poverty D. poverty, low income and low unemployment level Correct Answer: Option B – poverty, low level of literacy and...
by Sunday | Oct 29 | Economics JAMB
A. the leasing equipment B. the issuing of shares C. trade credits D. banks loans Correct Answer: Option A – the leasing equipment
by Sunday | Oct 29 | Economics JAMB
A. raise the price of the commodity and affect the quantity in an indeterminate way B. decrease the equilibrium quantity and affect the price in an intermediate way C. raise its price as well as the equilibrium quantity D. lower it price while affecting the...
by Sunday | Oct 29 | Economics JAMB
A. total cost curve B. marginal cost curve C. variable cost curve D. fixed cost curve Correct Answer: Option B – marginal cost curve