1997 JAMB UTME Economics Past Questions

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1997

Ike's scale of preference reveals that he prefers bananas to pawpaw, pawpaw to oranges and oranges to bananas. Ike's preferences are therefore?

1997

With a given level of money income, a consumer maximizes satisfaction from the consumption of goods and services when the?

1997

One of the objectives of Nigeria's current population policy is to?

1997

In a country, if the proportion of people who are below 15 years is 45% and those above 60 years is 30%, this implies that the?

1997

When a country's population is experiencing increase returns, that country is said to be?

1997

One of the fundamental differences between a capitalist and a socialist economy is that while?

1997

One of the features of a free market economy is that?

1997

If a demand curve that intersects a perfectly inelastic supply curve shifts rightward, then?

1997

Given a market demand curve Q=120-2p and a supply curve Q = 4p, the equilibrium price and quantity respectively are?

1997

A good is said to be inferior if its demand

1997

The type of cost which has to be covered for a firm to continue production in the short-run is the?

1997

Labour productivity is the ratio of?

1997

A form of business organization which is characterized by limited authority and liability of individual owners is the?

1997

The best channel of distribution of baked bread is through?

1997

A market where there are many differentiated products is called?

1997

If the percentage change in the income of the consumers of an industrial product is less than the resulting percentage change in the quantity demanded of the product, then the income elasticity of demand for the product…

1997

The elasticity of demand for a firm's product is 2.If the firm reduces its price by 20 percent, its sales revenue will increase by?

1997

Plywood industries are often located near the source of?

1997

1997 JAMB UTME Economics Past Questions

Ike's scale of preference reveals that he prefers bananas to pawpaw, pawpaw to oranges and oranges to bananas. Ike's preferences are therefore?

With a given level of money income, a consumer maximizes satisfaction from the consumption of goods and services when the?

One of the objectives of Nigeria's current population policy is to?

In a country, if the proportion of people who are below 15 years is 45% and those above 60 years is 30%, this implies that the?

When a country's population is experiencing increase returns, that country is said to be?

One of the fundamental differences between a capitalist and a socialist economy is that while?

One of the features of a free market economy is that?

If a demand curve that intersects a perfectly inelastic supply curve shifts rightward, then?

Given a market demand curve Q=120-2p and a supply curve Q = 4p, the equilibrium price and quantity respectively are?

A good is said to be inferior if its demand

The type of cost which has to be covered for a firm to continue production in the short-run is the?

Labour productivity is the ratio of?

A form of business organization which is characterized by limited authority and liability of individual owners is the?

The best channel of distribution of baked bread is through?

A market where there are many differentiated products is called?

If the percentage change in the income of the consumers of an industrial product is less than the resulting percentage change in the quantity demanded of the product, then the income elasticity of demand for the product…

The elasticity of demand for a firm's product is 2.If the firm reduces its price by 20 percent, its sales revenue will increase by?

Plywood industries are often located near the source of?

What is the effect of inelastic demand for agricultural products on the income of a farmer?

The most important requirement for increasing agriculture output in Nigeria is?