WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent

Economics Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
316
One theory of population contends that population tends to increase much faster than the supply of food, and that if the growth in population is not checked , it will be checked by natural forces like misery disasters and food shortages. This theory was propounded by?
  • A. Prof. Paul Samuelson
  • B. Adam Smith
  • C. David Ricardo
  • D. Rev. Thomas Malthus
  • E. Prof. Ojetuuji Aboyade
View Answer & Discuss (1) JAMB 1985
317
\(\begin{array}{c|c}
\text{Units of Quantity consumed} & \text{Total utility} & \text{Marginal utility} \\
0 & --- & --- \\
1 & 10 & 10 \\
2 & 15 & 5 \\
3 & 17 & 2 \\
4 & 18 & 1 \\
5 & 18 & 0 \\
\end{array}\)

The table above illustrates the law of?
  • A. diminishing marginal utility
  • B. diminishing marginal productivity
  • C. diminishing returns
  • D. increasing returns
  • E. increasing total utility
View Answer & Discuss JAMB 1985
318
If in the short-run commodity X and commodity Y are supplied jointly, which of the following is correct?
  • A. An increase in demand for X will increase the supply of Y
  • B. An increase in demand for X will shift the supply of Y
  • C. An increase in demand for Y will raise the price of X
  • D. An increase in demand for X will cause less of Y to be produced
  • E. A probable tax on Y will cause more of X to be supplied
View Answer & Discuss JAMB 1985
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
319
In market economies, resources are allocated through the?
  • A. government authorities
  • B. price system
  • C. banking system
  • D. central planning bureau
  • E. revenue allocation formula
View Answer & Discuss JAMB 1985
320
At every point on a indifference curve, the
  • A. total utility is decreasing
  • B. prices of all goods are constant
  • C. consumer is satiated
  • D. level of utility is constant
  • E. level of utility is increasing
View Answer & Discuss JAMB 1985
Start a Free Practice Test
 
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts