by Sunday | Oct 21 | Economics JAMB
A. ensure adequate protection of infant industries B. provide a mechanism for tariff reduction C. assist countries with chronic balance of payments problem D. assist developing countries to execute developmental projects Correct Answer: Option D – assist...
by Sunday | Oct 21 | Economics JAMB
A. excise duties B. import duties C. quotas D. tariff Correct Answer: Option C – quotas Explanation Quotas: a limited quantity of a particular product which under official controls can be produced, exported or...
by Sunday | Oct 21 | Economics JAMB
A. the highest denomination of the currency B. an Act of the parliament C. the system of government D. the forest of demand and supply Correct Answer: Option D – the forest of demand and supply Explanation A floating exchange rate is a regime where the currency...
by Sunday | Oct 21 | Economics JAMB
A. produce more food for the growing population B. provide employment opportunities for the people C. estimate a country’s per capita income D. fast track industrial development Correct Answer: Option D – fast track industrial development Explanation...
by Sunday | Oct 21 | Economics JAMB
A. providing employment B. siting industries C. providing social amenities D. allocating resources Correct Answer: Option C – providing social amenities Explanation Population census helps to forecast the country’s economic needs, for example, electricity,...
by Sunday | Oct 21 | Economics JAMB
A. management B. members without loan C. shareholders D. members with the highest contribution Correct Answer: Option C – shareholders Explanation The following are Some of the features of a cooperative society are:- 1. Voluntary Association 2. Equal Voting...