Jamb Economics 1999 Past Questions and Answers

Question 41:

• JAMB 1999

De valuation helps in checking adverse balance of payments if the?

A. Demand for imports is elastic
B. Demand for imports is inelastic
C. Supply of exports is elastic
D. Demand for exports is inelastic

Question 42:

• JAMB 1999

Gains from trade depends on?

A. Comparative advantage
B. Absolute advantage
C. Distributive cost advantage
D. Absolute cost advantage

Question 43:

• JAMB 1999

Favorable terms of trade is important to a country because it facilities?

A. Economic prosperity for importers and exporters
B. Export of hard currency by the government
C. Economic prosperity for country
D. Import of hard currency by the government

Question 44:

• JAMB 1999

The most acceptable economic measure for trade protection is to?

A. Improve standards of living
B. Protect infant industries
C. Safegard strategic industries
D. Promote foreign trade

Question 45:

• JAMB 1999

From the table calculate the national income

A. N18,500m
B. 19,000m
C. 19,500m
D. 20,500m