Contemporary Issues In Economic Systems - Economics Jamb Past Questions and Answers

Question 6 :

• JAMB 2008

The deregulation of telecommunication services in Nigeria is a characteristic of

A. Command economy
B. Traditional economy
C. Market economy
D. Feudal economy

Question 7 :

• JAMB 2009

Guided deregulation as currently practised in Nigeria implies that

A. Market force determine interest and exchange rates
B. Government alone determines interests and exchange rates
C. Market forces and government determine interest and exchange rates
D. Exchange rate is regulated while interest rate is fixed

Question 8 :

• JAMB 2013

The deregulation of the petroleum sector in Nigeria will bring about

A. Efficiency in pricing and distribution of the products
B. An end to the importation of fuel
C. An end to foreign firms' dominance
D. Fixing appropriate production quotas