Jamb Economics Past Questions For Year 2002
Question 46
In the short-run a firm marginal cost curve above the point of shut-down is its?
- A. demand curve
- B. supply curve
- C. cost curve
- D. supply curve
Question 47
Import substitution aims at?
- A. substituting agricultural products with industrial ones
- B. substituting imports with agricultural exports
- C. the diversification of industries
- D. improving the balance of payments
Question 48
Which of the following yields more revenue to Nigeria?
- A. Value added tax
- B. Royalties
- C. indirect tax
- D. Direct tax
Question 49
One way of correcting the balance of payments problem of a country is to?
- A. introduce import-promotion measures
- B. buy investments abroad
- C. devalue the currency
- D. de-emphasize import-substitution industries
