Economics

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Past Questions

Question 1216
jamb 2006
a

reduced income

b

greater supply labour

c

reduced labour productivity

d

greater demand for labour

Question 1217
jamb 2006
a

the demand for oil exceeds its supply

b

oil prices have fallen drastically

c

the demand for oil is equal to ite supply

d

the supply of oil exceeds its demand

Question 1218
jamb 2006
a

inadequate skilled personnel

b

financial constraint

c

urban congestion

d

lack of political will

Question 1219
jamb 2006
a

unionized labour market

b

perfectly competitive market

c

monopsonistic market only

d

monopolistic market only

Question 1220
jamb 2006
a

economies of scale

b

falling marginal costs

c

diminishing returns

d

rising fixed costs

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