JAMB Economics Past Questions & Answers - Page 202

1,006.

The gains from international trade are shared on the basis of the

A.

Quantity produced of each of the traded goods

B.

Cost of production of each of the traded goods

C.

Terms of trade

D.

Bilateral trade agreements

Correct answer is B

No explanation has been provided for this answer.

1,007.

In a developing economy, productivity is measured by the

A.

Capital-output ratio

B.

Output growth rate

C.

Output-labour ratio

D.

Output per capita

Correct answer is C

No explanation has been provided for this answer.

1,008.

A continuous increase in national income accompanied by the structural transformation of all indices is called

A.

Economic planning

B.

Economic growth

C.

Economic reforms

D.

Economic development

Correct answer is D

No explanation has been provided for this answer.

1,009.

The monetization policy is an offshoot of

A.

NEEDS

B.

SAP

C.

PAYE

D.

MDGs

Correct answer is A

No explanation has been provided for this answer.

1,010.

A persistent rise in the prices of inputs will lead to

A.

Hyperinflation

B.

Stagflation

C.

Cost-push inflation

D.

Demand-pull inflation

Correct answer is C

No explanation has been provided for this answer.