Jamb Economics 2011 Past Questions and Answers

Question 31:

• JAMB 2011

The record of a country's transactions in international trade is her

A. Capital account
B. Balance of payments
C. Current account
D. Balance of trade

Question 32:

• JAMB 2011

The transfer to public shareholding corporations to private enterprises is

A. Concession
B. Incorporation
C. Commercialization
D. Privatization

Question 33:

• JAMB 2011

A condition in which official and autonomous exchange rate coexist is

A. Dual exchange rate system
B. Managed floating rate system
C. Market determined exchange rate system
D. Multiple exchange rate system

Question 34:

• JAMB 2011

In modern economies, the Malthusian theory of population is ineffective because of

A. Birth control measures
B. Technical progress
C. Government policies
D. Natural disasters

Question 35:

• JAMB 2011

A change from one industry to another by a worker is an example of

A. Geographical mobility
B. Horizonatal mobility
C. Professional advancement
D. Veritcal mobility