2008
The production possibility curve can be used to explain the underlying concepts of
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2008 JAMB UTME Economics Past Questions
2008
The deregulation of telecommunication services in Nigeria is a characteristic of
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2008
If income rises from N2000 to N4000 and quantity demanded increase from 80 units to 120 units, find the income elasticity of demand
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2008
A major determinant of the demand for a luxury goods is
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2008
If 100 units and units of commodity X are supplied at N80 at different times, it means that there is
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2008
If the standard deviation of a given data is 8.2, find its variance
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2008
If the increase in the price of yams is used to estimate the inflation rate, this is an example of
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2008
An upward movement along the same supply curve results in
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2008
The excess benefit derived from the purchase of goods over the amount paid for them is referred to as consumer
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2008
Diminishing marginal utility implies that
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2008
As long as marginal utility is positive, total utility must be
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2008
If the demand elasticity coefficient of cars is 0.5, it implies that the demand for petrol is
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2008
Which of the following producer is closest to being a monopolist?
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2008
The characteristic of entry and exit ensures that firms
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2008
In a perfectly competitive condition, a firm uses 10 units of labour at N25 and 11 units at N36, what is the marginal cost of labour?
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2008
The use of modern weaving machines in the production of local fabric will result in
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2008
To protect farmers during a bumper harvest,. the government usually
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2008
If the required reserves of a bank is 20% and N10 000 is paid into its demand deposit account, what is the excess reserves?
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2008
The high rate of inflation in Nigeria can be attributed to
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2008
The theoretical relationship between money supply and prices is weakened by changes in the
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