1991 JAMB UTME Economics Past Questions

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1991

Industries tend to be located closer to market centers than to the sources of major raw materials if the?

1991

A characteristic of a debenture is that?

1991

A disadvantage of a joint-stock company is?

1991

The term 'Stock of Capital 'means?

1991

Banks aid economic expansion and development by?

1991

An effect of inflation is that it?

1991

Fiduciary issue is that part of?

1991

To perform its function as a store of wealth and standard for deferred payment, money must be

1991

One of the advantages of international trade is that it?

1991

Personal distribution of income implies?

1991

The average tax rate is defined as

1991

Budget deficit is the amount by which?

1991

A tax that takes an increasing fraction of income as income goes down is called?

1991

It is important to measure the National Income of a country because?

1991

The age distribution of a country's population is of economic importance because it affects the?

1991

The higher the dependency ratio, the?

1991

Under flexible exchange rates, a deficit could be corrected by?

1991

there is an improvement in the terms of trade of a country if?

1991

A major obstacle to economic development is?

1991

If W stands for wages/salaries, P for profit, R for interest and Z for rent on land real estate, then national income is?

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