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Economics 1982 JAMB Past Questions

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31
A commodity can be sold for two or more different prices if it is?
  • A. produced or sold by oligopoly
  • B. sold in perfect market
  • C. produce or sold by monopsony
  • D. produced or sold by monopoly
  • E. produced or sold by perfect competition
View Answer & Discuss (1) JAMB 1982
32
The PAYE (Pay As You Earn) in Nigeria is an example of?
  • A. indirect tax
  • B. progressive tax
  • C. regressive tax
  • D. community tax
  • E. flat rate tax
View Answer & Discuss (2) JAMB 1982
33
If income rises from N200.00 to N250.00 and the amount spent on good X falls from N30.00 to N28.00, then good X is?
  • A. an income elastic good
  • B. a normal good
  • C. an inferior good
  • D. demand elastic
  • E. supply elastic
View Answer & Discuss (1) JAMB 1982
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34
which is not responsible for the decline in food production in West Africa?
  • A. Neglect of agriculture by many people
  • B. drift of young people rural to urban areas
  • C. Influence of weather and climate
  • D. Many of the countries do not balance of payments problems
  • E. Lack of good prices for agricultural products on the farm
View Answer & Discuss (1) JAMB 1982
35
The most dominant economic activity which employs the largest number of people in West Africa is?
  • A. manufacturing
  • B. transport
  • C. government
  • D. agriculture
  • E. the petroleum industry
View Answer & Discuss JAMB 1982
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