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Tuesday, 28 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 1886:
JAMB 2009
According to the theory of comparative advantage specialization will result in
SchoolNGR Classroom
  • A Labour-intensive method of production
  • B Capital-intensive method of production
  • C Efficient allocation of resources
  • D Efficient distribution of output
View Answer & Explanation
Question 1887:
JAMB 2009
Dumping in international trade means selling a goods at a
SchoolNGR Classroom
  • A Higher price at home than abroad
  • B Lower price at home than abroad
  • C Price that equates marginal cost with marginal revenue
  • D Price above marginal cost abroad
View Answer & Explanation
Question 1888:
JAMB 2009
Guided deregulation as currently practised in Nigeria implies that
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  • A Market force determine interest and exchange rates
  • B Government alone determines interests and exchange rates
  • C Market forces and government determine interest and exchange rates
  • D Exchange rate is regulated while interest rate is fixed
View Answer & Explanation
Question 1889:
JAMB 2009
An important function of the World Bank is to
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  • A Provide short-run loans to members
  • B Encourage trade between members
  • C Promote capital-intensive production
  • D Provide long-time loans to members
View Answer & Explanation
Question 1890:
JAMB 2009
The major problem confronting a sole proprietor is
SchoolNGR Classroom
  • A High level of risk
  • B Limited expertise
  • C Limited source of capital
  • D High taxation
View Answer & Explanation

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