2009 JAMB UTME Economics Past Questions

2009

Musa has a choice of buying a shirt, a book and a bag. What is the opportunity cost of buying a book?

2009

The demand curve for a luxury goods is

2009

A movement along the same demand curve is caused by the

2009

The privatization exercise in Nigeria is a move towards a

2009

A cumulative frequency graph is

2009

A typical feature of a market economy is that

2009

A decrease in supply without a corresponding change in demand will lead to

2009

If the price of an item changes by 8% and quantity supplied changes from 600 units to 660 units, the price elasticity of supply is

2009

The short-run supply curve for medical doctors is more likely to be

2009

A supply curve is positively sloped because

2009

A major assumption in cardinal utility theory is that

2009

The shape of the long-run average cost curve is best explained by the

2009

As the level of output increases, the average fixed cost of a firm will

2009

Which of the following can be deduced from the law of variable proportions when total output is rising?

2009

Production takes place when

2009

In a regulated market, price is determined by

2009

Double counting is a problem in computing national income when using the

2009

In the long run, one of the characteristics of monopolistic competitive firms is that they

2009

2009 JAMB UTME Economics Past Questions

Musa has a choice of buying a shirt, a book and a bag. What is the opportunity cost of buying a book?

The demand curve for a luxury goods is

A movement along the same demand curve is caused by the

The privatization exercise in Nigeria is a move towards a

A cumulative frequency graph is

A typical feature of a market economy is that

A decrease in supply without a corresponding change in demand will lead to

If the price of an item changes by 8% and quantity supplied changes from 600 units to 660 units, the price elasticity of supply is

The short-run supply curve for medical doctors is more likely to be

A supply curve is positively sloped because

A major assumption in cardinal utility theory is that

The shape of the long-run average cost curve is best explained by the

As the level of output increases, the average fixed cost of a firm will

Which of the following can be deduced from the law of variable proportions when total output is rising?

Production takes place when

In a regulated market, price is determined by

Double counting is a problem in computing national income when using the

In the long run, one of the characteristics of monopolistic competitive firms is that they

In developing countries, it is easier to obtain accurate national income estimates through the

If a monopolist is incurring short-run losses, this means that his