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3271
The commercial banks differ from non-bank financial institutions because they
  • A. Accept deposits withdrawable by cheque
  • B. Mobilize savings
  • C. Invest surplus funds
  • D. Contribute to economic development
View Answer & Discuss JAMB 2003
3272
The theory of comparative advantage states that a commodity should be produced in that nation where the
  • A. Absolute cost is least
  • B. Absolute money cost is least
  • C. Opportunity cost is least
  • D. Production possibility curve increases
View Answer & Discuss JAMB 2003
3273
When there is a change from T to N, it implies that
  • A. Supply has increased
  • B. Quantity supplied has increased
  • C. Quantity demanded has increased
  • D. Price has fallen
View Answer & Discuss JAMB 2004
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3274
A movement from M to T implies that there has been
  • A. A decrease in supply
  • B. An increase in demand
  • C. A decrease in price
  • D. An increase in price
View Answer & Discuss JAMB 2004
3275
A profit maximizing monopolist should produce within the range where his demand is
  • A. Inelastic
  • B. Elastic
  • C. Infinitely elastic
  • D. Unitary elastic
View Answer & Discuss JAMB 2005
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts