JAMB PAST QUESTIONS AND ANSWERS ON ECONOMICS PDF

Knowing the right thing to do would make you stand a better chance of scoring high in this JAMB examination. If at 10K per kg, kg of yam were purchased, the resultant point elasticity of demand is A. A situation in which all inputs are doubled and output also doubles is known as A. Economic goods are termed scarce when they are A. Which of the following situations can give rise to economic problems A. In the long run, all production factors are A.

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Knowing the right thing to do would make you stand a better chance of scoring high in this JAMB examination. If at 10K per kg, kg of yam were purchased, the resultant point elasticity of demand is A. A situation in which all inputs are doubled and output also doubles is known as A. Economic goods are termed scarce when they are A. Which of the following situations can give rise to economic problems A. In the long run, all production factors are A. The effect of changes in the condition of demand on a demand schedule with the price constant is a A.

If a demand curve that intersects a perfectly inelastic supply shifts rightward, then A. If the cost of production for a firm continues to increase as its output rises, the firm is said to be experiencing A. Economic goods are termed scarce goods when they are A. If units of a variable factor are increasingly added to a fixed factor and the marginal physical product keeps increasing, production is said to be taking place under condition of A.

The ordinary partner in a partnership A. A possible factor which limits the extent of growth of a firm is the A. A disadvantage of a joint-stock company is A.

An effect of inflation is that it A. Under flexible exchange rates, a deficit could be corrected by A. WPRZ B. A made obstacle to economic development is A. IBRD as an international monetary institution is concerned with the A. An advantage of the sole proprietorship over the partnership form of business organization is that A. It relies on the decision of friends to succeed D. The possibility of conflict is management in virtually non-existent. The distinction between capital and recurrent expenditure lies in the A.

Under a floating exchange rate regime, the determinant of the exchange rate is A. To compare the standard of living among nations, the most widely used economic indicator is the A.

Statutory organisations usually established by Acts of parliament are called A. A greater burden of the taxes on essential goods is borne by the A. Privatization and commercialization of public enterprises in Nigeria is necessitated by A. The theory of comparative advantage states that a commodity should be produced in that nation where the A.

The effect of an increase in the personal income tax is to A. An important factor hindering the rapid development of the industrial sector in Nigeria. The demand for labour is an example of A. The major role of multi-national companies in the petroleum industry in Nigeria is A.

If you have any question on JAMB Economics questions and answers, kindly drop your questions in the comment box and we shall attend to you within the shortest possible time. To pass any examination, one must study hard and that is one of the ways to passing JAMB Economics examination. Let me clearly tell you that almost half of the JAMB questions are repeated questions. What does that tell you? Last Updated on March 1, May 29, May 29, April 10, April 10, Save my name, email, and website in this browser for the next time I comment.

Skip to content. The advantage which firms obtain directly from expanding their operations are referred to as A. Leave a Reply Cancel reply Your email address will not be published. Comment Name Email Website Save my name, email, and website in this browser for the next time I comment.

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Your browser seems to have Javascript disabled. We're sorry, but in order to log in and use all the features of this website, you will need to enable JavaScript in your browser. Prepare yourself with official past questions and answers for your upcoming examinations. If X represents the factors of production and Y represent the factor price, which of the following sets of association iscorrect?

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Economics JAMB Past Questions and Answers PDF Download

Call The board conducts entrance examinations for prospective undergraduates into Nigerian universities. The price of a good rises from N5 to N8 and the quantity demanded falls from to units. Over this price range, the demand curve is A. In economis analysis, a statement is said to be normalize if, it A. Utility is the satisfaction derived from A.

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