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Economics Past Questions and Answers

Jamb Economics Questions

Question 41:

From which of the following does Nigeria derive trade concessions?

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A IMF
B World Bank
C ADB
D EEC

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Question 42:

Tariff on imports are meant to?

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A Prevent a foreign goods
B Discourage exports
C Encourage exports
D Increase the level of external dependency

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Question 43:

The international Bank for Reconstruction and Development is important to developing countries because it?

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A Gives loans to member countries for legal proceedings
B Offers grants and aid for defence
C Offers loans to member countries for socio-economics activities
D Offers grants and aid to finance luxury projects

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Question 44:

Given an output of 3 units, the average is

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A N16.00
B N18.00
C 20.00
D 24.00

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Question 45:

Determine the marginal revenue if the total revenue is 80.00

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A 6.00
B 12.00
C 14.00
D 18.00

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