Economics 1982 JAMB Past Questions

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The supply of and demand for goods and services are influenced by the?

A. supermarkets
B. entrepreneurs
C. mechanism of the law
D. mechanism of equilibrium
E. price mechanism

View Answer & Discuss (2) JAMB 1982

The control price for a carton of beer in Nigeria is N7.20. But a carton of beer is sold in parts of the country for as much N15.00 The cause of this exorbitant price is that?

A. there is a Government ban on the importation of beer
B. beer distributors want more profit
C. Nigeria is a large country
D. middlemen hoard beer
E. the demand for beer exceeds the supply

View Answer & Discuss (1) JAMB 1982

Most firms are financed by share capital. The shares which do not carry any fixed rate of dividend are known as ?

A. debentures
B. preference shares
C. ordinary shares
D. participating preference shares
E. old shares

View Answer & Discuss JAMB 1982

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A firm whose cost of production decrease as it continues to increase its output is said to be enjoying?

A. profit maximization
B. large-scale production
C. a wind fall
D. government subsidies
E. economies of scale

View Answer & Discuss (3) JAMB 1982

Who controls a limited liability company ?

A. The general manager
B. The managing director
C. The owner of 51% of shares
D. The board of directors
E. The government

View Answer & Discuss (1) JAMB 1982

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