2019
Adam Smith's Theory of value stated that the value of a commodity depended on________
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2019 JAMB UTME Economics Past Questions
2019
Consider the diagram below which shows a demand curve (d).Total expenditure on a commodity is represented by the area TUVW. Consumer's surplus is represented by___________
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2019
If AC and MC are represented on a graph, the MC curve will cut the AC curve_______
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2019
Consider the following figures which refer to a firm's production department during one week:Wage bill ₦6,000, Rent, Rates, Depreciation ₦200, raw materials ₦800, Power ₦300.Total variable costs incurred during the week…
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2019
A contractionary monetary policy is used to control__________
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2019
The term "Money at call and short notice" in a bank's assets represents the bank's loans to______
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2019
The second equation of exchange is__________
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2019
The term M \(^3\) comprises M \(^1\) together with deposits on deposit account held by_______
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2019
The following are measures of location except________
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2019
Let the quantity demanded in units of a particular commodity be represented as Qd = 80 - 2P, find the quantity demanded when P = ₦3.
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2019
Use the following information given to answer this questionTotal of all expenditure incurred during the year ₤ 80,000mIndirect taxes on goods and services ₤ 8,000mCapital consumption ₤ 6,000m Gross national expenditure a…
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2019
Use the following information given to answer this questionTotal of all expenditure incurred during the year ₤ 80,000mIndirect taxes on goods and services ₤ 8,000mCapital consumption ₤ 6,000m National income is__________
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2019
A supply curve slopes upwards from the left to the right indicating__________
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2019
When of the following matters may account for changes in supply? I - technological advances in an industryII - changes in labour costsIII - changes in source of supplyIV - changes in levels of taxation
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2019
An example of a vertical combination is the merger of_________
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2019
Whether a monopolist is able to increase his revenue by restricting his output depends on the shape of the_________
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2019
An example of a market which approaches fairly near to perfection is____________
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2019
Which of the following matters may account for changes in demand? I - changes in consumer preferencesII - changes in real incomeIII - changes in distribution of incomesIV - changes in levels of taxation
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2019
A commodity is defined as normal when its demand changes in the same direction as______
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2019
Effective demand for a commodity is desire for that commodity backed by_______
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