Jamb Economics 1998 Past Questions and Answers

Question 41:

• JAMB 1998

If a country operates a freely floating exchange rate system, and suffers a balance of payments deficit can be eliminated through?

A. A rise in the external value of its currency
B. A fall in the external value of its currency
C. An increase in the volume of imports
D. The consumption of more foreign goods

Question 42:

• JAMB 1998

The Economic Commission for Africa was set up by the?

A. UNO
B. ECOWAS
C. OAU
D. IMF

Question 43:

• JAMB 1998

In the diagram above, full employment is indicated by

A. L
B. M
C. N
D. P

Question 44:

• JAMB 1998

From the table above, the total utility for the individual who consumes 3 units of commodity X is

A. 50 units
B. 150 units
C. 230 units
D. 250 units

Question 45:

• JAMB 1998

Population Statistics of a Country. The dependency ratio between 1960 and 1990 is

A. Increased by 5%
B. Increased by 2%
C. Decrease by 2%
D. Decrease by 5%