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Economics 1986 JAMB Past Questions

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11
Population density refers to?
  • A. densely populated urban centres
  • B. the total area divided by the total population
  • C. densely populated rural areas
  • D. the total population divided by the total area
View Answer & Discuss JAMB 1986
12
What fundamentally determines how much a consumer spends in a producer's shop?
  • A. Individual's propensity to consume
  • B. level of his taxation
  • C. level of his income
  • D. Individual's taste or fashion
View Answer & Discuss JAMB 1986
13
Which of the following statements describes a mixed economy?
  • A. The government and the private sector interact in solving the basic economic problems
  • B. The invisible hand solves the basic economic problems
  • C. The government produces and distributes all goods and services
  • D. Society answers the 'what', 'how', and 'for whom' questions only through the market system
View Answer & Discuss JAMB 1986
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14
In drawing an individual's demand curve for a commodity, which of the following is not kept constant? The
  • A. individual's money income
  • B. price of subtitutes
  • C. price of complementary goods
  • D. price of the commodity under consideration
View Answer & Discuss (5) JAMB 1986
15
Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?
  • A. induce greater demand for beef
  • B. induce greater demand for fish
  • C. induce lower demand for fish
  • D. equate demands for beef and fish
View Answer & Discuss JAMB 1986
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