Jamb Economics 1999 Past Questions and Answers

Question 36:

• JAMB 1999

One of the functions money is that, it helps?

A. Detect frauds in matters of exchange
B. Postponed payments without loss of count
C. Store information about the valuation of an item
D. Record information about the valuation of an item

Question 37:

• JAMB 1999

Fiscal policy involves changes in?

A. Open market operations
B. Revenue and expenditure of government
C. Money supply to the economy
D. Imports and exports

Question 38:

• JAMB 1999

Economic development may be defined as economic growth?

A. In a given country
B. Over a long period
C. And improved health facilities
D. And improved distribution of wealth

Question 39:

• JAMB 1999

The price of a good will not be affected by the imposition of a sales tax on it if the?

A. Supply is inelastic
B. Demand is inelastic
C. Supply is perfectly elastic
D. Demand is perfectly elastic

Question 40:

• JAMB 1999

A free trade area emerges when?

A. Traders from one part of the country can move freely to other parts
B. Customs regulation are harmonized among countries
C. A group of countries decide to remove restrictions on imports from one another
D. The UNCTAD is in force