Economics

Quick Links

                      
                

Past Questions

Question 1
jamb 1978
a

The same as equilibrium supply

b

Greater than equilibrium supply

c

Less than the equilibrium supply

d

Determined later by government

e

None of these

Question 2
jamb 1978
a

That a country is buying more than is selling

b

That a country is selling more than is buying

c

That a government is spending more than in takes in taxation

d

That a government is spending less than it takes in taxation

e

That a government is spending as much as it takes in taxation

Question 3
jamb 1978
a

Perfectly elastic

b

Perfectly inelastic

c

Concave

d

Downward slopping

e

Circular

Question 4
jamb 1978
a

Scale of production is limited by size of the market

b

Expansion brings diminishing returns

c

Large firms can carter for wide markets

d

Small firms can provide personal services

e

All of the above

Question 5
jamb 1978
a

Whose quality is low

b

Consumed by very poor people

c

Whose consumption falls when cunsumers' income rises

d

Which satisfy only the basic needs

e

None of the above

Take a test