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Economics Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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1386

The choice of the method of production in an economy is determined by the

  • A. level of technical know-how
  • B. rate of propulation growth
  • C. availability of natural resources
  • D. level of income
View Answer & Discuss JAMB 2010
1387

The amount of labour hired depends on the

  • A. number of skilled labour available
  • B. skill of labour
  • C. marginal productivity of labour
  • D. price of the inputs
View Answer & Discuss (2) JAMB 2010
1388
An effective way of controlling inflation in a mixed economy is to
  • A. increase productivity
  • B. reduce income tax
  • C. ration available output
  • D. increase imports
View Answer & Discuss (3) JAMB 2011
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1389
One`of the limitations PPC assumption is that there is
  • A. no indication of technological development
  • B. no recognition of preferred goods for countries
  • C. technical inefficiency
  • D. abundant resources
View Answer & Discuss (4) JAMB 2011
1390

A major disadvantage of the arithmetic means is that it is

  • A. not useful for large data
  • B. not suitable for further statistical analysis
  • C. cumbersome to determine the actual value
  • D. affected by extreme data
View Answer & Discuss JAMB 2011
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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