Economics Past Questions

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2646

What type of unemployment is revealed by the dotted lines on the graph?

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2647

The diagram represents a production function. At which of the points does diminishing returns set in

View Answer & Discuss (10) JAMB 1994

2648

If the economy of the country is operating at X, the implication is that

A. the productive capacity is being fully utilized
B. the productive capacity is not being fully utilized
C. too little of consumer goods is being produced
D. there is a disequilibrium between the production of capital and consumer goods

View Answer & Discuss JAMB 1994

2649

What is the equilibrium quantity?

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2650

Above the equilibrium point, a further rise in price tends to

View Answer & Discuss (3) JAMB 1994

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