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Economics 2005 JAMB Past Questions

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1
The regulatory authority of the capital market in Nigeria is the
  • A. Central Bank
  • B. Securities and Exchange Commission
  • C. Nigerian Deposit Insurance Corporation
  • D. Stock Exchange Market
View Answer & Discuss JAMB 2005
2
In the long run, the equilibrium point of a monoplistic firm is a point where the
  • A. marginal cost curve is tangential to the average fixed cost curve
  • B. demand curve is tangential to the average variable cost curve
  • C. supply cuvre is tangential to the marginal cost curve
  • D. demand curv is tangential to the average cost curve
View Answer & Discuss (1) JAMB 2005
3
Given that Y= C+I, where C= 50+0.75 and I = N45m, what is the equilibrium level of income?
  • A. N380m
  • B. N20m
  • C. N180m
  • D. N200m
View Answer & Discuss (13) JAMB 2005
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4
Above full employment level, an expansionary monetary policy will lead to a
  • A. decrease in aggregate supply
  • B. fall in the inflation rate
  • C. rise in the inflation rate
  • D. fall in aggregate demand
View Answer & Discuss (2) JAMB 2005
5
A major assumption in a perfectly competitive market is that
  • A. the number of buyers and sellers is small
  • B. individuals cannot influence prices
  • C. the quality of products remains the same
  • D. prices will always remain constant
View Answer & Discuss JAMB 2005
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