Jamb Economics 1991 Past Questions and Answers

Question 36:

• JAMB 1991

One of the advantages of international trade is that it?

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

Question 37:

• JAMB 1991

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

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

Question 38:

• JAMB 1991

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

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

Question 39:

• JAMB 1991

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

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

Question 40:

• JAMB 1991

The higher the the dependency ratio the?

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