2000
In a capitalist economy, the economic problem of what goods to produce is decided mainly by?
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2000 JAMB UTME Economics Past Questions
2000
(i) What and how much will be produced (ii) How will it be produced (iii) For whom will it be produced(IV) How much will be exported and consumed? From the above, identify the combination of basic resource allocation que…
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2000
Economic can be defined as?
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2000
In a free market system, trading can only take place when the?
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2000
A central argument of cardinal utility is that utility is?
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2000
Use the information below to answer questions.When commodity X sold for N25 per unit, 50 units of commodity Y were purchased. With an increase in the price of commodity X to N50 per unit, the demand for commodity Y fell…
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2000
Use the information below to answer questions.When commodity X sold for N25 per unit, 50 units of commodity Y were purchased. With an increase in the price of commodity X to N50 per unit, the demand for commodity Y fell…
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2000
Which of the following is an example of derived demand?
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2000
The short-run equilibrium in a perfectly competitive market requires that?
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2000
If a total cost curve is plotted, marginal cost can be illustrated by the?
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2000
External dis-economies of scale result from excessive growth of?
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2000
In a small scale business, the fixed cost is N5,000, variable cost is N15,000 and the output is 500 units. What will be the unit cost of the goods?
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2000
The condition for equilibrium price and quantity under perfect competition is?
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2000
Increased output will cause farmers' revenue to decrease when market demand is?
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2000
One problem in the marketing of agricultural products in Nigeria is?
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2000
The concept of privatization presupposes?
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2000
A distinguishing characteristic of cooperative societies is that voting power depends on the?
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2000
At the point where marginal revenue of a monopolist is equal zero, its total revenue will be?
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2000
As a producer' association, the OPEC expects its members to maintain production where marginal cost is?
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2000
The Nigerian economy is mono-cultural because government revenue is derived mainly from?
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