Jamb Economics 1993 Past Questions and Answers

Question 41:

• JAMB 1993

From which of the following does Nigeria derive trade concessions?

A. IMF
B. World Bank
C. ADB
D. EEC

Question 42:

• JAMB 1993

Tariff on imports are meant to?

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

Question 43:

• JAMB 1993

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

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

Question 44:

• JAMB 1993

Given an output of 3 units, the average is

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

Question 45:

• JAMB 1993

Determine the marginal revenue if the total revenue is 80.00

A. 6.00
B. 12.00
C. 14.00
D. 18.00