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Tuesday, 07 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 961:
JAMB 1989
A company is said to be highly geared if the?
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  • A Value of fixed interest loans is high compared with share capital
  • B Value of shared capital is high compared with fixed interest loans
  • C Dividend rate is high
  • D Interest rate is high
View Answer & Explanation
Question 962:
JAMB 1989
Industries that can be randomly located are characterized by?
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  • A Relatively low transport cost for both raw materials and output and factor mobility
  • B Relatively heavy transport cost for raw material or output
  • C Constant returns to scale
  • D Signficant economy of scale
View Answer & Explanation
Question 963:
JAMB 1989
The term 'double coincidence ' of wants is usually associated with a?
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  • A Bilateral exchange mechanism
  • B Monetary exchange mechanism
  • C Stock exchange system
  • D Barter exchange mechanism
View Answer & Explanation
Question 964:
JAMB 1989
A major factor affecting the value of money is the?
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  • A Price level
  • B Banking habit
  • C Transaction motive
  • D Divisible nature of money
View Answer & Explanation
Question 965:
JAMB 1989
Cost-push inflation is caused by?
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  • A Growth of government expenditure
  • B Increase in factor prices
  • C Increase in money supply
  • D Hoarding
View Answer & Explanation

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