Jamb Economics 2023 Past Questions and Answers

Question 21:

• JAMB 2023

------------- is NOT the cause of balance of payments (BOP) deficits in Nigeria

A. Poor performance of non-oil sector
B. Export promotion
C. No import substitution strategies
D. High servicing of debt

Question 22:

• JAMB 2023

Institutions serving as links between surplus and deficit units can be identified as

A. Tax officers
B. Pension offices
C. Financial intermediates
D. Acceptance houses

Question 23:

• JAMB 2023

Which of the following will cause an increase in cost of production?

A. Hyper-inflation
B. Cost push inflation
C. Structural inflation
D. Demand pull inflation

Question 24:

• JAMB 2023

The number of people who are qualified to work and who offered themselves for employment are called

A. Mobility of labour
B. Working population
C. Migrant labour
D. Labour turnover

Question 25:

• JAMB 2023

Overpopulation is caused by

A. Emigration
B. Disease
C. Low Literacy rates
D. War and conflicts