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Economics 2018 JAMB Past Questions

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31

An upward movement along the same supply curve result in_____________

  • A. a decrease in price
  • B. an increase
  • C. an increase in quantity supplied
  • D. a decrease In quantity supplied
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32

The coefficient of the price elasticity of supply is always_____________

  • A. Constant
  • B. Zero
  • C. Positive
  • D. Negative
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33

In the history of economics the concept of division of labour is usually associated With______________-

  • A. Karl Marx
  • B. Adam Smith
  • C. David Ricardo
  • D. J.M Keynes
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34

Given that Y = C + I, where C = 50 + 0.75Y and I = N45m, what is the equilibrium level of income?

  • A. N20m
  • B. N380m
  • C. N200m
  • D. N180m
View Answer & Discuss (8) JAMB 2018
35

From the diagram shown, the optional point of production is_____________?

  • A. R
  • B. T
  • C. S
  • D. U
View Answer & Discuss (2) JAMB 2018
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