1998 JAMB UTME Economics Past Questions

1998

In certain circumstances, a centrally planned economy adopts the rationing system because of?

1998

One of the economic problems of Nigeria today arises from?

1998

When a firm is reaping economies of large-scale production, it experiences a fall in its?

1998

Which of the following statements bestdescribes the relationship between average product and marginal products?

1998

Specialization often improves economic performance because it?

1998

The short-run period in production is defined as a period when?

1998

Given thatB = BirthsD = DeathX = Emigrants M = Immigration The population of a country over a period of time will rise if?

1998

Liquidation of limited liability company implies that the?

1998

Unlike the retailer, the wholesaler provides?

1998

The producer in a perfectly competitive market is faced with a demand curve whose elasticity is?

1998

Given that the elasticity of demand for a commodity is 2.5, the percentage change in the quantity demanded as a result of a 10 percent change in it price is?

1998

If an increase in the price of a commodity leads to increase in total revenue, then it means that the demand for this commodity is?

1998

A factor that influences the location of a firm near its market is the?

1998

An entirely domestic effort directed at improving agricultural production in Nigeria is the?

1998

The sector that employs the largest proportion of the active labour force in Nigeria is the?

1998

Which of the following can have their shares quoted on the stock exchange?

1998

One form of business organization which is not motivated solely by the profit objective is the?

1998

One of the techniques of monetary control used by the Central Bank of Nigeria is?

1998

Crude petroleum is a good example of a?

1998

The petroleum industry in Nigeria is?

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