2005 JAMB UTME Economics Past Questions

2005

In a car assembly plant, division of labour is demonstrated by

2005

An example of a long-run cost of a firm is

2005

An increase in the quantity supplied of commodity suggests

2005

When the marginal utility of a commodity is zero the total utility is

2005

An inverse relationship between price and quantity demanded implies that

2005

A buyer who haggles in the market is applying the principle of

2005

If the marginal utility of the last unit of commodity X at N2 is 16 and that of commodity Y at N 4 is 24, the consumer will be at equilibrium when

2005

The technical relationship between input combination and maximum attainable output is called

2005

The price index computed between two time periods is given as 128%,This implies that the

2005

The monetization policy of the Nigerian government is aimedat

2005

In economics, production takes place only when

2005

If elasticity of demand is greater than I and less than infinity, demand is said to be

2005

Economic freedom is a basic feature of economy

2005

A long-term capital outflow is recorded in the balance of payment as a

2005

Economic growth is different from economic development because economic growth

2005

The loans from the World Bank to developing countries are mainly to support

2005

The raising of funds by selling stocks to the public is called

2005

The problem of planning in Nigeria is mainly in the

2005

An institution that regulates trade relations among members is the

2005

If government increases in its expenditure on public works, the desired effect is

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