2012
The privatization of public enterprises will lead to efficient management of resources in the economy.This statement can best be described as
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2012 JAMB UTME Economics Past Questions
2012
A major disadvantage of a socialist economy is that
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2012
Comparison of interpersonal utility is impossible because
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2012
If the price of an item increases by 8% while the quantity demanded falls from 1500 units to 1492 units, the demand is said to be
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2012
A rise in income will, ceteris paribus, bring about
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2012
If the quantity of rice bought decreases from 250 tonnes to 200 tonnes owing to a 2% rise in price, it shows that there is a change in
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2012
The sign of the slope of a graph in economic analysis is important because it
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2012
The invisible hand promotes the interests of
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2012
The cost elasticity of supply is a useful instrument for measuring
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2012
If quantity supplied is constant irrespective of price changes, the supply elasticity is
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2012
The supply of cocoa is influenced by
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2012
When the slope of the total utility curve is declining, the marginal utility of a consumer will be increasing if he
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2012
The long-run average cost curve touches to the short-run average cost curves at the
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2012
The equilibrium point of a firm is attained at the point where the isoquant is
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2012
If all factors are variable in the long run,firms will experience
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2012
An important function of the price system is to
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2012
Fixing price above equilibrium will cause
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2012
The investment expenditure of an economy changes by N 2 million and MPC is 0.75The multiplier is
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2012
Net National Product is derived by deducting
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2012
A discriminatory monopoly is characterized by
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