Search SchoolNGR

Economics Past Questions and Answers

Jamb Economics Questions

Question 36:

One of the advantages of international trade is that it?

SchoolNGR Classroom

A Increases world output
B Encourages economic independence among nations
C Restricts spread of technical knowledge
D Promotes self-reliance and satisfaction with only what can be produced internally

View Answer & Explanation

Question 37:

there is an improvement in the terms of trade of a country if?

SchoolNGR Classroom

A A large quantity of exports is given up to obtain a unit of imports
B The volume of exports is greater than the volume of imports
C A smaller quantity of exports is given up to obtain a unit of imports
D The value of exports is greater than the value of imports

View Answer & Explanation

Question 38:

there is an improvement in the terms of trade of a country if?

SchoolNGR Classroom

A A large quantity of exports is given up to obtain a unit of imports
B The volume of exports is greater than the volume of imports
C A smaller quantity of exports is given up to obtain a unit of imports
D The value of exports is greater than the value of imports

View Answer & Explanation

Question 39:

Under flexible exchange rates, a deficit could be corrected by?

SchoolNGR Classroom

A Freezing the gold point
B Appreciation of other currencies
C Removing export subsidies
D Removing tariffs

View Answer & Explanation

Question 40:

The higher the the dependency ratio the?

SchoolNGR Classroom

A Larger the proportion of the employed relative to the unemployed
B Smaller the proportion of the active labour force relative to the inactive
C Smaller the number of the non-working age groups relative to the active labour force
D Lower the birth rate

View Answer & Explanation

Stay Updated

Follow us on:

Subjects