Jamb Economics 2013 Past Questions and Answers

Question 41:

• JAMB 2013

A fiscal policy instrument that can influence the demand pattern in an economy is

A. Government spending
B. Interest rate
C. Income tax
D. Tariff

Question 42:

• JAMB 2013

One of the main achievements of the Economic Commission for Africa is

A. Eliminating trade restrictions among states
B. Encouraging transport and communication development
C. Guaranteeing a steady flow of foreign investment into Africa
D. Providing the machinery for collaboration on monetary issues

Question 43:

• JAMB 2013

The rate of interest change on loans depends largely on

A. The prevailing exchange rate
B. Marginal efficiency of capital
C. The risk associated with the loan
D. The prevailing tax rate

Question 44:

• JAMB 2013

A valid explanation for real wage growth is

A. An increase in the rate of productivity
B. The rising cost of capital accumulation
C. A contraction of emploment in service industries
D. An increase in the quantity of labour

Question 45:

• JAMB 2013

If Mr. X lost his clerical job at a store and searched for a similar job for ten months before finding one this implies that Mr.X was

A. Structurally unemployed
B. Frictionally unemployed
C. Seasonally unemployed
D. Cyclically unemployed