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Economics 1990 JAMB Past Questions

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46
The relationship between tax rate and income which is relevant to a progressive tax is shown by
  • A. curve X
  • B. curveY
  • C. curve Z
  • D. curve X and Z
View Answer & Discuss (1) JAMB 1990
47
THE RELATIONSHIP BETWEEN TAX RATE AND INCOME WHICH IS RELEVANT TO A PROPORTIONAL TAX IS DEPICTED BY
  • A. CURVES Z AND Y
  • B. CURVE X
  • C. CURVE Z
  • D. CURVE Y
View Answer & Discuss JAMB 1990
48
In the diagram above, RTX and STY are the marginal cost and the average cost curves responsively of a perfectly competitive firm. The supply curve of the firm is indicated by
  • A. TX
  • B. RT
  • C. ST
  • D. TY
View Answer & Discuss (1) JAMB 1990
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49
Which of the following graphs represents the price-quantity relationship between tea and lemon, if they are perfect complements? choose the answer from the option above
  • A. A
  • B. B
  • C. C
  • D. D
View Answer & Discuss (2) JAMB 1990
50
The demand curve would shift to the left when there is a rise in
  • A. Constant proportions
  • B. Constant complement
  • C. Income
  • D. The supply of the commodity
View Answer & Discuss JAMB 1990
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