2003 JAMB UTME Economics Past Questions

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2003

The price of a good rises from N5 to N8 and the quantity demanded falls from 200 to 190 units Over this price range, the demand curve is

2003

Utility is the satisfaction derived from?

2003

In economic analysis, a statement is said to be normative if it?

2003

For an inferior good, a decreased in real income will lead to?

2003

When two variables are positively related, the graph of the relationship?

2003

If the demand curve facing a firm is sharply downward-sloping, the firm is likely to be

2003

\(\begin{array}{c|c} \text{Output produced per day (Units)} & \text{Fixed cost per day (N)} & \text{Total cost per day (N)} \\ \hline 20 & 60 & 100 \\ \hline 30 & 60 & 120 \\ \hline 40 & 60 &a…

2003

\(\begin{array}{c|c|c} \text{Out put produced per day (Units)} & \text{Fixed cost per day (N)} & \text{Total cost per day (N)} \\ \hline 20 & 60 & 100 \\ \hline 30 & 60 & 120 \\ \hline 40 & 60…

2003

In a planned economy, the emphasis is on

2003

If there is an increase in demand without a corresponding increase in supply, there will be a

2003

Imperfect market is characterized by

2003

The long-run average cost curve is called a planning curve because it shows what happens to costs when

2003

Price elasticity of supply is a ratio of the change in

2003

Short-run period in production is a period too short for a firm to be able to change its

2003

A normal supply curve is usually positively sloped because the relationship between

2003

Inflation that is usually associated with periods of trade boom is

2003

Insurance companies, pension and provident funds and unit trusts are all examples of

2003

For a firm, value added can be defined as the difference between the

2003

2003 JAMB UTME Economics Past Questions

The price of a good rises from N5 to N8 and the quantity demanded falls from 200 to 190 units Over this price range, the demand curve is

Utility is the satisfaction derived from?

In economic analysis, a statement is said to be normative if it?

For an inferior good, a decreased in real income will lead to?

When two variables are positively related, the graph of the relationship?

If the demand curve facing a firm is sharply downward-sloping, the firm is likely to be

\(\begin{array}{c|c} \text{Output produced per day (Units)} & \text{Fixed cost per day (N)} & \text{Total cost per day (N)} \\ \hline 20 & 60 & 100 \\ \hline 30 & 60 & 120 \\ \hline 40 & 60 &a…

\(\begin{array}{c|c|c} \text{Out put produced per day (Units)} & \text{Fixed cost per day (N)} & \text{Total cost per day (N)} \\ \hline 20 & 60 & 100 \\ \hline 30 & 60 & 120 \\ \hline 40 & 60…

In a planned economy, the emphasis is on

If there is an increase in demand without a corresponding increase in supply, there will be a

Imperfect market is characterized by

The long-run average cost curve is called a planning curve because it shows what happens to costs when

Price elasticity of supply is a ratio of the change in

Short-run period in production is a period too short for a firm to be able to change its

A normal supply curve is usually positively sloped because the relationship between

Inflation that is usually associated with periods of trade boom is

Insurance companies, pension and provident funds and unit trusts are all examples of

For a firm, value added can be defined as the difference between the

The distinguishing characteristic between the money market and the capital market lies in whether the

The term 'Near money' is best described as

2003 JAMB UTME Economics Past Questions

The price of a good rises from N5 to N8 and the quantity demanded falls from 200 to 190 units Over this price range, the demand curve is

Utility is the satisfaction derived from?

In economic analysis, a statement is said to be normative if it?

For an inferior good, a decreased in real income will lead to?

When two variables are positively related, the graph of the relationship?

If the demand curve facing a firm is sharply downward-sloping, the firm is likely to be

\(\begin{array}{c|c} \text{Output produced per day (Units)} &amp; \text{Fixed cost per day (N)} &amp; \text{Total cost per day (N)} \\ \hline 20 &amp; 60 &amp; 100 \\ \hline 30 &amp; 60 &amp; 120 \\ \hline 40 &amp; 60 &a…

\(\begin{array}{c|c|c} \text{Out put produced per day (Units)} &amp; \text{Fixed cost per day (N)} &amp; \text{Total cost per day (N)} \\ \hline 20 &amp; 60 &amp; 100 \\ \hline 30 &amp; 60 &amp; 120 \\ \hline 40 &amp; 60…

In a planned economy, the emphasis is on

If there is an increase in demand without a corresponding increase in supply, there will be a

Imperfect market is characterized by

The long-run average cost curve is called a planning curve because it shows what happens to costs when

Price elasticity of supply is a ratio of the change in

Short-run period in production is a period too short for a firm to be able to change its

A normal supply curve is usually positively sloped because the relationship between

Inflation that is usually associated with periods of trade boom is

Insurance companies, pension and provident funds and unit trusts are all examples of

For a firm, value added can be defined as the difference between the

The distinguishing characteristic between the money market and the capital market lies in whether the

The term 'Near money' is best described as

\(\begin{array}{c|c} \text{Output produced per day (Units)} & \text{Fixed cost per day (N)} & \text{Total cost per day (N)} \\ \hline 20 & 60 & 100 \\ \hline 30 & 60 & 120 \\ \hline 40 & 60 &a…

\(\begin{array}{c|c|c} \text{Out put produced per day (Units)} & \text{Fixed cost per day (N)} & \text{Total cost per day (N)} \\ \hline 20 & 60 & 100 \\ \hline 30 & 60 & 120 \\ \hline 40 & 60…