by Sunday | Oct 21 | Economics JAMB
A. 15% B. 10% C. 54% D. 24% Correct Answer: Option C – 54% Explanation 126% + 72% + 108% = 306 360 – 306 = 54%
by Sunday | Oct 21 | Economics JAMB
A. level of total expenditure B. composition of consumer spending C. number of farmers D. size of the labour force Correct Answer: Option A – level of total expenditure
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...