Jamb Economics Past Questions and Answers

Question 2131:

• JAMB 2013

The effect of emigration on a country's population is

A. Decrease in the population
B. Decrease in job opportunities
C. Increase in population
D. Increase in dependency ratio

Question 2132:

• JAMB 2013

A measure for preventing the external value of the naira from falling is for the government to

A. Increase its spending with foreign reserve
B. Sell its own currency
C. Reduce interest rate
D. Buy its currency with foreign reserve

Question 2133:

• 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 2134:

• 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 2135:

• 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