Jamb Economics Past Questions and Answers

Question 1731:

• JAMB 2005

The loans from the World Bank to developing countries are mainly to support

A. Capital-intensive technology
B. The establishment of universities
C. Their infrastructure investment
D. Their level of consumption

Question 1732:

• JAMB 2005

Economic growth is different from economic development because economic growth

A. Describes expansion and change
B. Is measurable but not objective
C. Describes expansion and not change
D. Is not measurable but objective

Question 1733:

• JAMB 2005

A long-term capital outflow is recorded in the balance of payment as a

A. Credit on the capital account
B. Credit on the current account
C. Debit on the current account
D. Debit on the capital account

Question 1734:

• JAMB 2005

Business organization in which the owners' personal property may be forfeited in the event of bankruptcy are

A. Partnerships and limited liability companies
B. Partnerships and sole proprietorships
C. Cooperatives and sole proprietorship
D. Corporation and sole proprietorship

Question 1735:

• JAMB 2005

Economic growth is different from economic development because economic growth

A. Describes expansion and change
B. Is measurable but not objective
C. Describes expansion and not change
D. Is not measurable but objective