Economics Past Questions

Exam Type:

Exam year:

Question Type:

791

The demand made on each other by the agriculture and industrial sector as the economy grows are reflected in?

View Answer & Discuss (2) JAMB 1995

792

Foreign exchange rate in a free market economy is determined by?

View Answer & Discuss JAMB 1995

793

The primary objective of all international economic organizations is to?

A. ensure that third world countries get a better share of the world's resources
B. promote international economic co-operation for the mutual benefit of all members
C. enforce structural adjustment programmes on less developed countries
D. encourage exports from the developed to the less developed countries

View Answer & Discuss JAMB 1995

794

With a given level of money income, a consumer maximizes satisfaction from the consumption of goods and services when the?

A. total utility derived from each goods and services is increasing at an increasing rate
B. marginal utility derived from each good or service is increasing at the same rate
C. marginal utility derived per naira spent is the same for all the goods and services
D. total utility derived from all the goods and services is large

View Answer & Discuss JAMB 1997

795

Ike's scale of preference reveals that he prefers bananas to pawpaw, pawpaw to oranges and oranges to bananas. Ike's preferences are therefore?