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Economics Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
3301

Individual markets differ from each other according to

  • A. The degree of competition
  • B. The volume of trade
  • C. The number of buyers
  • D. It's composition
View Answer & Discuss (2) JAMB 2008
3302

if \(\bar{x}\) = 6 and N = 6, determine the value of ∑fx

  • A. 36
  • B. 12
  • C. 1
  • D. 72
View Answer & Discuss JAMB 2010
3303

The velocity of money is represented as

  • A. \(\frac{\text{Money supply}}{\text{Real GDP}}\)
  • B. \(\frac{\text{Real GDP}}{\text{Money supply}}\)
  • C. \(\frac{\text{Nominal GDP}}{\text{Money supply}}\)
  • D. \(\frac{\text{Real GDP}}{\text{Nominal GDP}}\)
View Answer & Discuss (4) JAMB 2010
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3304

The median of an odd-numbered set of scores is the

  • A. Middle value in the set
  • B. Highest value in the set
  • C. Arithmetic means of the set
  • D. Most frequent occuring score
View Answer & Discuss (2) JAMB 2011
3305

The optimal range of output for a perfectly competitive firm is

  • A. AC is lowest
  • B. AVC is lowest
  • C. MC is rising
  • D. MC is falling
View Answer & Discuss (1) JAMB 2011
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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