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Economics Past Questions and Answers

Jamb Economics Questions

Question 6:

One of these is not a problem of agriculture___________

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A Provision of employment
B Lack of preservation and storage facilities
C Land tenure system
D Poor transportation systems

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Question 7:

The business risks of a public corporation are borne ultimately________

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A By the government
B By the treasury
C By the rate payers
D By the tax payers

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Question 8:

Poverty simply refers to the low level of________

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A Planning
B Per capita income
C Rich people
D Labour face

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Question 9:

When a member's currency is declared "scarce", it is the duty of the IMF to______

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A Suspend the member state indefinitely
B Ban all exports from that state
C Suspend dealings in that currency for one year
D Ration it among the countries demanding it

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Question 10:

Most of the National debts is "dead weight" in the sense that is____

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A Bound to increase from year to year
B Accumulated as the result of past capital investment
C The responsibility of the treasury
D Not covered by any real asset

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