JAMB Economics Past Questions & Answers - Page 214

1,066.

The factor responsible for the current inflationary pressures in Nigeria is the

A.

Exchange rate depreciation

B.

Increase in exports

C.

Low per capital income

D.

Budget surplus

Correct answer is A

No explanation has been provided for this answer.

1,067.

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

Correct answer is B

No explanation has been provided for this answer.

1,068.

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

Correct answer is D

No explanation has been provided for this answer.

1,069.

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

Correct answer is C

No explanation has been provided for this answer.

1,070.

The problem of planning in Nigeria is mainly in the

A.

Implementation of the plans

B.

Appraisal of the plans

C.

Allocation of scarce resources

D.

Articulation of the plans

Correct answer is A

No explanation has been provided for this answer.