Jamb Economics Past Questions
Question 2286
The supply of loanable funds is significantly influenced by?
- A. commercial banks
- B. mortage banks
- C. financial intermediaries
- D. the Central Bank
- E. insurance companies
Question 2287
The maintenance of general economic stability in the country necessarily relies heavily on?
- A. federal fiscal policy
- B. coordinated federal, state and local fiscal policies
- C. tax and revenue policies of state governments
- D. federal grants to state and local government
- E. federal grants to local governments
Question 2288
Public expenditure creates expansionary effects in the economy when it is
- A. in excess of government revenue
- B. channelled into capital products
- C. diverted into imports
- D. financed through part of the year's total collection of taxes
Question 2289
Comparative cost doctrine of international trade means specialization in production
- A. according to absolute cost advantage
- B. according to absolute cost disadvantage
- C. according to comparative cost disadvantage
- D. according to comparative cost advantage
- E. on the basis of the availability of labour
Question 2290
If any economy is growing at an annual rate of 7% and 4% of it is known to be due to the improvements in labour and capital combined, the balance of 3% is usually due to?
- A. land and related factors
- B. abundance of natural resources
- C. level of human capital
- D. technical progress or other factors
- E. the discipline of political leadership
