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Economics Past Questions

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2476

One of the characteristics of a monopolist is that, he can influence

  • A. quantity produced by other producers
  • B. prices charged by other producers
  • C. both price and quantity
  • D. price or quantity
View Answer & Discuss (8) JAMB 2014
2477

A monopolist can boost up his revenue by

  • A. adjusting both price and output upward
  • B. reducing total output to match price
  • C. increasing price
  • D. reducing price
View Answer & Discuss (2) JAMB 2014
2478

Which of the following can be used to measure the Gross National product in an open economy?

  • A. C+I+G+(X+M)
  • B. C+I+G+X
  • C. C+I+G
  • D. C+I+G+(X-M)
View Answer & Discuss (3) JAMB 2014
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2479
If MPC = 2/3 and investment is N100 million, the level of national income is
  • A. N100 million
  • B. N10 million
  • C. N303 million
  • D. N300 million
View Answer & Discuss (7) JAMB 2014
2480
The precautionary demand for money is determined by
  • A. the rate of interest
  • B. the level of savings
  • C. the level of income
  • D. general price level
View Answer & Discuss (11) JAMB 2014
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