1986
Choice in economic life is necessitated by?
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1986 JAMB UTME Economics Past Questions
1986
Production in Economics can be defined as the
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1986
The degree of specialization is limited by the
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1986
A firm is at its optimum size when?
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1986
Under normal circumstances the concept of consumers sovereignty implies that
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1986
Which of these is the real cost of satisfying any want in the sense of the alternative that has to be foregone?
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1986
Population density refers to?
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1986
A country has a population distribution as shown below:\(\begin{array}{c|c} \text{Age Group years} & \text{ Corresponding percentage} \\ \text{Above 60} & 22 \\ 15 - 60 & 60 \\ 0 - 14 & 15 \\ \end{array}\…
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1986
Mobility of labour is NOT affected by
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1986
If a person receives a higher wage than would be necessary to induce him to work, he is said to be receiving
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1986
A firm achieves least cost in production by substituting factors until
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1986
The main function of price mechanism is to?
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1986
Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?
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1986
In drawing an individual's demand curve for a commodity, which of the following is not kept constant? The
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1986
Which of the following statements describes a mixed economy?
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1986
What fundamentally determines how much a consumer spends in a producer's shop?
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1986
A producer sustains a loss in the short run if
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1986
One major difference between monopoly and perfect competition is that?
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1986
Which of the following is an important function of prices in a market economy?
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1986
The revenue accruing to the seller of commodity X as a result of a fall in price will
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